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Competitive forces have encouraged countries to make their tax systems more attractive to investors. However, some tax practices are anti-competitive and undermine fair competition and public confidence in tax systems. OECD and non-OECD economies are working together through the Global Forum to address harmful tax practices by improving transparency and establishing effective exchange of information. Find out more.
What's new
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13-Nov-2009
Singapore has today signed a protocol with France that brings the two countries’ bilateral tax treaty into line with the OECD standard on transparency and exchange of information for tax purposes. This being the 12th agreement that it has signed in accordance with the OECD standard, Singapore moves into the category of jurisdictions deemed to have substantially implemented the standard.
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11-Nov-2009
Liechtenstein has signed two additional Tax Information Exchange Agreements with Belgium and the Netherlands bringing to 12 the number of agreements it has on exchange of information for tax purposes and thus crossing the threshold for being considered to have substantially implemented the internationally agreed standard in this area.
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26-Sep-2009
OECD Secretary-General Gurría reported to G20 on progress towards greater transparency and international cooperation in tax matters. Read the latest Progress Report listing where jurisdictions stand in implementing the international standard.
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28-Sep-2009
In a statement following their 24-25 September meeting in Pittsburgh, the G20 leaders reaffirmed their commitment to maintaining the momentum in dealing with tax havens, money laundering, proceeds of corruption, terrorist financing, and prudential standards.
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11-Sep-2009
Aruba and the Netherlands Antilles have signed bilateral agreements with seven Nordic economies - Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden - on exchange of information for tax purposes.
This moves both jurisdictions into the category of ‘Jurisdictions that have substantially implemented the internationally agreed tax standard’ in the Progress Report initially published by the OECD Secretariat on 2 April 2009. Eight jurisdictions have now moved into the substantially implemented category since the Progress Report was first published.
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07-Sep-2009
In a statement following their 5 September meeting in London, in advance of Pittsburgh, the G20 Finance Ministers and Central Bank Governors reaffirmed their commitment to strengthen the financial system, but stated that more needs to be done to maintain momentum. They also stated that unprecedented progress has been made since the November 2008 G20 Summit with regard to the OECD’s standards of tax information exchange and transparency.
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03-Sep-2009
Today, on the eve of the Pittsburgh G20 meeting, the Global Forum on Transparency and Exchange of Information dealing with tax matters, took major steps to confirm the end of the era of banking secrecy as a shield for tax evaders. Hailing the breakthrough OECD Secretary-General Angel Gurría said “what we are witnessing is nothing short of a revolution."
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31-Aug-2009
Tax Co-operation 2009: Towards a Level Playing Field - 2009 assessment by the Global Forum on Transparency and Exchange of Information is the fourth annual assessment of progress being made towards greater transparency and information exchange in the area of taxation. This report covers 87 jurisdictions, including all the major financial centres around the world.
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27-Aug-2009
Gibraltar and Australia have signed a bilateral agreement for the exchange of information for tax purposes. This brings to 5 the number of such agreements that Gibraltar has entered into.
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14-Aug-2009
Gibraltar and New Zealand have signed a bilateral agreement for the exchange of information for tax purposes. This brings to 4 the number of such agreements that Gibraltar has entered into.
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13-Aug-2009
Gibraltar and Germany today signed a bilateral agreement for the exchange of information for tax purposes, bringing to 3 the number of such agreements that Gibraltar has entered into.
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11-Aug-2009
The OECD welcomes the announcement today of a package of measures between Liechtenstein and the United Kingdom intended to ensure effective exchange of information for tax purposes between the two countries and to address the important issue of undeclared funds in a cooperative way.
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16-Jul-2009
In the past two days Belgium has signed protocols to its tax conventions with Luxembourg, Singapore, San Marino, and the Seychelles as well as a tax convention with the Isle of Man and a tax information exchange agreement with Monaco.
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13-Jul-2009
On 8 July 2009 in the Hague, the Cayman Islands and the Netherlands signed a bilateral agreement for the exchange of information for tax purposes and an additional protocol, bringing to 11 the number of such agreements entered into by the Cayman Islands.
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10-Jul-2009
The Kingdom of Bahrain has recently signed double taxation conventions with Bulgaria (26 June 2009) and Austria (2 July 2009) that provide for exchange of information in accordance with the OECD standard. These agreements bring to 12 the number of agreements that Bahrain has signed that meet the OECD standard. As a result, Bahrain can be considered as having substantially implemented the internationally agreed standard in this area.
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09-Jul-2009
In a statement following their 8 July meeting in L’Aquila, the G8 leaders stated "all jurisdictions must now quickly implement their commitments... an appropriate follow up framework is needed to fully benefit from this renewed emphasis on tax information exchange and transparency... We ask the OECD to swiftly address these challenges, propose further steps and report by the time of the next G20 Finance Ministers’ meeting.”
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08-Jul-2009
Luxembourg has signed a protocol to its double taxation convention with Norway, bringing to 12 the number of agreements it has on exchange of information for tax purposes and thus crossing the threshold for being considered to have substantially implemented the internationally agreed standard in this area.
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07-Jul-2009
The Financial Action Task Force (FATF), with assistance from the Centre for Tax Policy and Administration, has just completed a study, Money Laundering through the Football Sector, on what may make the football sector attractive to criminals. It provides several case examples of areas that could be exploited by those wanting to invest illegal money into football, as well as examples of tax evasion.
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03-Jul-2009
Bermuda and Germany today signed a bilateral agreement for the exchange of information for tax purposes, bringing to 13 the number of such agreements that Bermuda has entered into.
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25-Jun-2009
Gibraltar and Ireland signed yesterday, 24 June 2009, a bilateral agreement for the exchange of information for tax purposes, bringing to 2 the number of such agreements entered into by Gibraltar.
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24-Jun-2009
The Cayman Islands and Ireland signed yesterday, 23 June 2009, in Berlin, a bilateral agreement for the exchange of information for tax purposes, bringing to 10 the number of such agreements entered into by the Cayman Islands.
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23-Jun-2009
Addressing a conference organised by the French and German governments in Berlin on the fight against tax fraud and evasion, OECD Secretary-General Angel Gurría welcomed progress in implementing international standards of transparency and exchange of information for tax purposes.
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08-Jun-2009
Bermuda and the Netherlands today signed a bilateral agreement for the exchange of information for tax purposes, bringing to 12 the number of such agreements that it Bermuda has entered into and thereby crossing the threshold for being considered to have substantially implemented the internationally agreed standard in this area.
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04-Jun-2009
Luxembourg has today signed a protocol to its double taxation convention with Denmark. The protocol, which allows exchange of bank information for tax purposes, brings the convention up to the OECD standard.
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27-May-2009
In the light of recent political commitments made by Andorra, Liechtenstein and Monaco to implement the OECD standards of transparency and effective exchange of information and the timetable set for the implementation, the OECD’s Committee on Fiscal Affairs has decided to remove all three jurisdictions from its List of Unco-operative Tax Havens.
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20-May-2009
Luxembourg has signed an agreement for the exchange of bank information on request in all tax matters with the U.S., marking a major step forward in international efforts to counter tax evasion.
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07-May-2009
A protocol to the existing Bahrain-France Convention for the Avoidance of Double Taxation was signed today in Paris.
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17-Apr-2009
Bermuda has signed 8 new tax information exchange agreements, with 7 Nordic economies – Denmark, Sweden, Finland, Greenland, Iceland, Norway and the Faroe Islands, and with New Zealand, bringing to 11 the number of such agreements it has entered into.
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03-Apr-2009
The OECD welcomed today the formal endorsement by Uruguay of its tax information exchange standards. In a letter to Angel Gurría, Secretary-General of the OECD, Uruguay’s Finance Minister, Alvaro García, informed the OECD that Uruguay formally endorses the OECD’s standards on transparency and exchange of information, as set out in the 2005 version of Article 26 of the OECD Model Tax Convention.
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02-Apr-2009
Following the G20 meeting and communiqué, the OECD Secretariat has provided a detailed report on progress by financial centres around the world towards implementation of an internationally agreed standard on exchange of information for tax purposes.
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01-Apr-2009
The Cayman Islands has signed bilateral agreements with seven Nordic economies - Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden -on exchange of information for tax purposes.
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09-Apr-2009
Gibraltar and the United States signed a bilateral arrangement for the exchange of information for tax purposes on 31 March 2009. This is the first such agreement entered into by Gibraltar.
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26-Mar-2009
OECD Secretary-General Angel Gurría welcomed an announcement by Monaco that it is prepared to enter into agreements for the exchange of information in all tax matters in accordance with international standards developed by the OECD and recognised by the United Nations.
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23-Mar-2009
The OECD welcomed an announcement by Macao, China that it intends to implement the OECD standards on transparency and exchange of information for tax purposes. Macao, China stated that it proposes to modify its domestic legislation before the end of 2009 to enable it to exchange bank information on request with other jurisdictions.
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15-Mar-2009
Moves by major financial centres to improve transparency and exchange of information for tax purposes mark a significant step forward in international tax cooperation and a welcome result of more than 12 years of OECD work reinforced by the imminence of the G-20 summit next month, OECD Secretary-General Angel Gurría said.
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12-Mar-2009
Moves by a number of financial centres over recent weeks in favour of transparency and exchange of information on tax matters have given a welcome boost to efforts to counter international tax evasion, OECD Secretary-General Angel Gurría said.
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2009 Assessment by the Global Forum on Transparency and Exchange of Information
