Today, at the OECD Headquarters in Paris, three countries have signed the multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention), bringing the total number of jurisdictions that participate in the Convention to 144.
Jamaica has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2022. The commitment made by the Minister of Finance and the Public Service makes Jamaica the 117th Global Forum member to commit to start AEOI by a specific date.
Tax Transparency in Latin America 2021 is a key output of the Punta del Este Declaration (the Declaration), a Latin American initiative to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information (EOI) for tax purposes.
Between 22 June and 2 July 2021, 34 participants from 17 African countries took part in the second phase of the Train the Trainer pilot programme, launched in April 2021 by the Global Forum under the umbrella of the Africa Initiative.
The Global Forum published today new peer review reports assessing the legal and regulatory framework against the international standard on transparency and exchange of information on request for Antigua and Barbuda, Argentina, the Russian Federation, South Africa and Ukraine. The new reports only cover the first phase of the assessment.
The Tax Transparency in Latin America report is a key output of the Punta del Este Declaration. It is the first report of its kind, dedicated to the issue of tax transparency in Latin America. It will be published annually to inform decision makers and citizens on where the region stands, and the concrete progress made by Latin American countries on tax transparency.
The Model Rules for Reporting by Digital Platforms were developed in light of the rapid growth of the digital economy and in response to calls for a global reporting framework in respect of activities being facilitated by such platforms, in particular in the sharing and gig economy. Activities facilitated by platforms may not always be visible to tax authorities or self-reported by taxpayers.
As an observer to the Global Forum, WATAF will participate in plenary meetings and other events. It will contribute to the promotion of international exchange of information among tax administrations as a powerful tool to tackle cross-border tax evasion and improve domestic resource mobilisation.
African tax administrations adapted swiftly to challenging circumstances in 2020 and managed to advance the tax transparency agenda on the continent. Members of the Africa Initiative expanded their EOI networks and the amount of exchange of information requests they sent increased more than thirteenfold since the start of the Initiative in 2014. For the first time, African countries sent more requests than they received.
The Global Forum launched its Train the Trainer pilot programme under the umbrella of the Africa Initiative in April 2021. The project is designed to assist participating jurisdictions in providing local training to tax auditors and investigators.