Journal of Anbar University for Law and Political Sciences

Abstract

AbstractAs a result of the increasing losses of developed and developing countries due to the inevitable tax evasion behind the system of financial secrecy, international solutions have been developed to address the impact of financial secrecy in tax evasion, the most prominent of which is the development of the United States of America tax compliance law, as this law obliges banking institutions located abroad to disclose They also established the international forum for transparency and exchange of information for tax purposes.as a result of these international efforts, the reality of financial secrecy has become characterized by tax transparency.