OECD's Global Forum: New Tax Transparency Reports
Posted on 2018-04-06
The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes has published nine peer review reports assessing territories' compliance with international standards on tax transparency.
Eight of these reports assess countries against the updated standards, which require among other things the collection of information on beneficial ownership of all legal entities and arrangements.
Four jurisdictions – Estonia, France, Monaco, and New Zealand – received an overall rating of "Compliant." The Bahamas, Belgium, and Hungary were rated "Largely Compliant" and Ghana was rated "Partially Compliant."
Progress from Jamaica was recognized in a supplementary report which awarded a "Largely Compliant" rating.
The Global Forum is the premier international body for ensuring the implementation of internationally agreed standards of transparency and exchange of information in tax matters. It now has 150 members.
Source: Tax News