18/11/2019 - In 2009, G20 Leaders declared “the era of banking secrecy is over.” Ten years later, the Global Forum on Transparency and Exchange of Information for Tax Purposes will meet to celebrate the unprecedented global success in the implementation of tax transparency and exchange of information standards.
A series of high-profile data leaks and media investigations over the past decade have raised awareness and given rise to increasing public anger over wealthy individuals’ use of shell entities and anonymous accounts to evade taxes. The Global Forum is the world’s largest network for international cooperation in the field of taxation and financial information exchange, bringing together 158 countries and jurisdictions plus the European Union in the fight against tax evasion. It has been instrumental in efforts to reduce and eliminate safe harbours for tax evaders and making good on G20 Leaders’ pledge to end bank secrecy.
The Global Forum’s 10th anniversary plenary provides a unique opportunity to highlight the successes realized over the past decade thanks to greater cross-border tax cooperation. Participants, including 60+ ministerial-level delegates, will exchange views on the radical evolution of international co-operation as well as the utility and global impact of tax transparency. Discussion will also focus on the role of tax transparency in tackling illicit financial flows and the experience gained from the implementation of the automatic exchange of financial account information. Delegates will reflect on the future of tax transparency in the digitalised economy and approve a new agenda for future work to accelerate international co-operation against tax evasion.
The Global Forum plenary on Tuesday 26 November will be open to media and streamed live online. Consult the draft agenda including speaker names.
OECD Secretary-General Angel Gurría, Global Forum Chair Maria-José Garde, Director of the OECD Centre for Tax Policy and Administration Pascal Saint-Amans and Head of the Global Forum Secretariat Zayda Manatta will hold a press conference on Tuesday 26 November at 12:45 a.m.
For further information, contact OECD Media Officer Lawrence Speer in the OECD Media Office (+33 1 4524 9700) or Global Forum Press Officer Jeremy Maddison (+33 6 2705 4910). For registration and accreditation please email: PAC.MediaRegistration@oecd.org.
Working with over 100 countries, the OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world.