Directive on Administrative Co-operation in the field of Taxation (2011/16)
The Directive on Administrative Co-operation in the field of taxation (commonly referred to as 'the DAC') is a Directive (European Union) which sets rules for the Automatic Exchange of Information (AEOI) which apply to members of the European Union (EU). The DAC's primary purpose is to tackle tax evasion and avoidance through the sharing of information on individuals and entities within the EU. == Overview == The Directive has been amended 7 times to expand the scope of AEOI within the EU, reflecting both global initiatives in this area undertaken by the OECD as well as the EU's own initiatives.