Common use of Prevention of Avoidance Clause in Contracts

Prevention of Avoidance. The Parties shall: a) support the full and effective implementation of this Agreement including through any changes to domestic legislation or administrative practice; b) implement, as necessary, requirements to prevent Financial Institutions, any persons or intermediaries from adopting practices intended to circumvent the reporting required under this Agreement. This shall include legislation with the equivalent effect, and introduced to the same timetable as, that required by any agreement each Party has with Government of the United States of America to Improve International Tax Compliance and to Implement FATCA.

Appears in 10 contracts

Samples: Agreement to Improve International Tax Compliance, Agreement to Improve International Tax Compliance, Agreement to Improve International Tax Compliance

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