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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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07-Nov-2011
At the Financial Regulation Session of the G20 Leaders Summit, Secretary-General Gurría spoke about 'fairness in taxation'.
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12-Sep-2011
Furthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.
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04-Jul-2011
Costa Rica has recently signed agreements allowing for exchange of tax information with Australia and the Nordic economies, bringing its total network of exchange of information treaties to 12 and moving it to the list of jurisdictions considered to have substantially implemented the internationally agreed tax standard.
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20-Jun-2011
Vanuatu has recently signed an agreement allowing for exchange of tax information with Ireland, bringing its total network of exchange of information treaties to 12 and moving it to the list of jurisdictions considered to have substantially implemented the internationally agreed tax standards.
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01-Jun-2011
The Global Forum on Transparency and Exchange of Information for Tax Purposes has issued peer review reports on Hungary, France, the Isle of Man, Italy, New Zealand, the Philippines, Singapore, Switzerland, and the United States.
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Tax: The Global Forum keeps up the pressure
14-Apr-2011
New reports by the Global Forum on Transparency and Exchange of Information for Tax purposes assess its members ability to stop international tax evasion.
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Tax: The Philippines implements international tax standard
28-Sep-2010
The Philippines today moved up to the list of jurisdictions that ‘have substantially implemented the internationally agreed tax standard’. After passing legislation earlier this year, the Philippines this week issued regulations to implement the new legislation.
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from 28-Sep-2010 to 30-Sep-2010
More than 200 delegates will meet to discuss the first Peer Review Reports - Bermuda, Botswana, the Cayman Islands, India, Jamaica, Monaco, Panama and Qatar - and to adopt the Annual Assessment of the progress made. The Global Forum will also consider expanding its membership and will adopt a report to the G20 on the progress made towards tax transparency.
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18-Aug-2010
As a result of details provided to the Global Forum on Transparency and Exchange of Information for Tax Purposes, Brunei is now ranked in the category of jurisdictions that have substantially implemented the internationally agreed tax standard.
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03-Jun-2010
As a result of details provided to the Global Forum on Transparency and Exchange of Information for Tax Purposes, Brazil and Indonesia are now ranked in the category of jurisdictions that have substantially implemented the internationally agreed tax standard.
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27-May-2010
The OECD and the Council of Europe have developed a Protocol amending the multilateral Convention on Mutual Administrative Assistance in Tax Matters. Today, the updated Convention was presented to Ministers and Ambassadors attending the annual OECD Ministerial meeting held in Paris and was signed by 11 countries already Parties to the Convention (Denmark, Finland, Iceland, Italy, France, Netherlands, Norway, Sweden, Ukraine, the United Kingdom and the United States). In addition, Korea, Mexico, Portugal and Slovenia signed both the Convention and the amending Protocol.
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12-Feb-2010
India hosted the second meeting of the Steering Group of the Global Forum on Transparency and Exchange of Information on 11 and 12 February 2010. The Steering Group, which guides the work of the Global Forum, considered the core documents required to launch the peer review process. It also examined the progress of the Global Forum in moving forward on the mandate given to it by the G20 in November 2009.
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28-Jan-2010
On 27 January, tax and development experts decided to set up an Informal Task Force on Tax and Development. With developing countries and other key stakeholders – including NGOs and business – as members, the Task Force will develop clear and effective mechanisms to make progress in the field of tax and development. With a mapping out of existing international efforts as its first assignment, participants agreed on a general set of principles to guide followup action and recognized the importance of working together and with other relevant international institutions. See the full Statement.
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14-Dec-2009
A new law on access to bank information will enable Chile to exchange banking information under existing tax treaties, thereby complying with the internationally agreed tax standard for exchange of information.
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