OECD says 15 countries are participating in a peer review process set up by the Global Forum on Transparency and Exchange of Information
International efforts to foil cross-border tax evasion has taken a significant advance with the launch of a country-by-country reporting initiative, the OECD has announced.
Australia, Barbados, Bermuda, Botswana, Canada, Cayman Islands, Denmark, Germany, India, Ireland, Jamaica, Jersey, Mauritius, Monaco, Norway, Panama, Qatar, Trinidad & Tobago are participating in a peer review process set up by the Global Forum on Transparency and Exchange of Information.
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The reviews are a first step in a three-year process approved in February by the Global Forum in response to the call by G20 leaders at their Pittsburgh Summit in September 2009 for improved tax transparency and exchange of information.
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