Wednesday, May 29, 2013

Global Forum on tax transparency shifts focus to effectiveness of information exchange


The Global Forum on Transparency and Exchange of Information for Tax Purposes has released reports evaluating the tax systems in Belize, Finland, Iceland, Nauru, Poland, Portugal, Sweden and Turkey. In a further 4 reports, the Global Forum identifies the deficiencies in the tax systems of Belgium, the Cayman Islands, Guernsey and Singapore and makes recommendations to correct them.

The reports assess the jurisdictions’ effective commitment to the international standard and real progress in tax information exchange.

The Global Forum has also adopted two supplementary reports, for Costa Rica and United Kingdom. The report on Costa Rica notes that it can now move to Phase 2, proving that it does effectively exchange information.

See full Press Release: Newsroom - Organisation for Economic Co-operation and Development