The update explicitly allows for group requests. This means that tax authorities are able to ask for information on a group of taxpayers, without naming them individually, as long as the request is not a 'fishing expedition'. This update represents a step forward towards more transparency, according to the OECD’s Centre for Tax Policy.
The new Article 26 facilitates exchange of tax information among law enforcement agencies to fight tax crimes and other criminal activities more effectively. This is in line with the Oslo Dialogue initiative launched by the OECD.All OECD countries have endorsed this latest update.