05/09/2017 – Greenland, Cambodia, Madagascar and Haiti have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 143rd, 144th, 145th and 146th members. By joining the Global Forum they are announcing their commitment to implement both the international standard of exchange of information on request and the standard on automatic exchange of financial account information.
This move also affirms their participation, with the rest of the international community, in the improving international tax transparency and the fight against international tax evasion and avoidance.
Maria José Garde, Chair of the Global Forum, said “I am delighted and welcome that countries from all corners of the world are joining the fight against tax evasion by becoming Global Forum members. The continuing growth in our membership has greatly strengthened international efforts to improve tax transparency for the benefit of all.”
The Global Forum's aim is to ensure that all jurisdictions adhere to the same high standard of international co-operation in tax matters. This is done through a robust monitoring and peer review process in which Cambodia, Greenland, Haiti and Madagascar will participate as well as by providing technical assistance to member countries. Greenland is also committed to start its first automatic exchanges of financial account information in 2018. The Global Forum Secretariat will work with Cambodia, Haiti and Madagascar to ensure they can participate in automatic exchange of information as soon as practicable.
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