With 163 members, the Global Forum on Transparency and Exchange of Information for Tax Purposes is the leading international body working on the implementation of global transparency and exchange of information standards around the world.
Since the G20 declared the end of banking secrecy in 2009, the international community has achieved great success in the fight against offshore tax evasion. Working through the Global Forum, countries have implemented robust standards that have prompted an unprecedented level of transparency in tax matters.
Voluntary disclosure programmes, offshore tax investigations and related measures have generated EUR 112 billion in additional revenues so far.
Over 250 000 requests for information have been received by our members in 10 years, enabling the collection of more than EUR 7.5 billion in additional tax.
Information on 75 million financial accounts, covering total assets of nearly EUR 9 trillion, was automatically exchanged in 2020.