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Media Advisory: Global Forum annual meeting

 

22/11/2023 - 

Global Forum on Transparency and Exchange of Information for Tax Purposes to discuss progress in the fight against offshore tax evasion during annual meeting

 

The past decade has seen unprecedented progress in the global fight against offshore tax evasion, with sizable revenue benefits for governments worldwide. Voluntary disclosure programmes, offshore tax investigations and related measures have generated more than EUR 126 billion in additional revenues, while 123 jurisdictions – including 48 developing countries – are now committed to the international standard on Automatic Exchange of Information (AEOI). In 2022, countries exchanged information on more than 123 million financial accounts, covering total assets topping EUR 12 trillion, offering further proof that multilateral cooperation has effectively put an end to bank secrecy for tax purposes.

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) will discuss developments in the fight against offshore tax evasion during its annual plenary meeting on 29 November - 1 December 2023, in Lisbon, Portugal. The event will bring together ministers, high-level authorities and delegates from the Global Forum’s 169 members, non-member countries,  international organisations, academia and representatives of the civil society for three days of discussions. High-level speakers will include:

  • Mr Mathias Cormann, Secretary-General, OECD
  • Mr Fernando Medina, Minister of Finance and Planning, Portugal
  • Mr Laaziz Faid, Minister of Finance, Algeria
  • Ms Lisa Cummins, Minister of Energy and Business Development, Barbados
  • Mr Julapun Amornvivat, Deputy Minister of Finance, Thailand
  • Ms Fabrizia Lapecorella, Deputy Secretary-General, OECD
  • Ms Manal Corwin, Director of the Centre for Tax Policy and Administration, OECD

The public is invited to follow public sessions on Wednesday 29 November via OECD WebTV, from 10:00 to 14:00 CET (09:00 to 13:00 GMT). There will be live interpretation in English, French, Portuguese and Spanish.

The Global Forum is the leading multilateral body mandated to ensure that jurisdictions around the world adhere to and effectively implement both the exchange of information on request standard and the standard of automatic exchange of financial account information. It pursues these objectives through a robust monitoring and peer-review process for countries worldwide. The Global Forum also runs an extensive technical assistance programme to support its members in implementing the standards and help tax authorities make the best use of cross-border information sharing channels.

The 2023 Global Forum Annual Report will be published on Wednesday 29 November, at 11:00 CET. The report includes the latest impact figures from the Global Forum’s multiple endeavours, detailed overviews of its capacity-building, monitoring and peer-reviewing activities, and offers an informed perspective on current and future challenges for the global transparency agenda.

Peer Review of the Automatic Exchange of Financial Account Information 2023 will be published on the same day. It presents the latest conclusions of peer reviews of the legal frameworks put in place by jurisdictions to implement the AEOI standard, and supplements the assessments of the legal frameworks and the initial reviews of the effectiveness of their implementation in practice published in 2022, for around 100 jurisdictions that were the first to commit to AEOI. It also contains the results of the Global Forum’s initial peer reviews in relation to the effectiveness of the implementation of the standard by jurisdictions commencing exchanges in 2019.

Requests for advance copies of the reports, under embargo, should be directed to [email protected]. To organise interviews or for further information, contact Lawrence Speer in the OECD Media Division (+33 1 45 24 97 00).

 

Working with over 100 countries, the OECD is a global policy forum that promotes policies to preserve individual liberty and improve the economic and social well-being of people around the world.

 

 

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