The 11th Meeting of the Global Forum has been held in Punta del Este, Uruguay on 20-22 November and brought together delegates from more than a hundred jurisdictions and international organisations. Delegates discussed key developments in the areas of automatic exchange of information as well as exchange of information on request. They have also discussed future work plans to strengthen their cooperation and how to maximise the benefits of improved tax transparency as the Forum approaches its 10th anniversary.
The Global Forum is the continuation of a forum which was created in the early 2000s in the context of the OECD’s work to address the risks to tax compliance posed by non-cooperative jurisdictions. The original members of the Global Forum consisted of OECD countries and jurisdictions that had agreed to implement transparency and exchange of information for tax purposes. The Global Forum was restructured in September 2009 in response to the G20 call to strengthen implementation of these standards.
The Global Forum now has 154 members on equal footing and is the premier international body for ensuring the implementation of the internationally agreed standards of transparency and exchange of information in the tax area. Through an in-depth peer review process, the restructured Global Forum monitors that its members fully implement the standard of transparency and exchange of information they have committed to implement. It also works to establish a level playing field, even among countries that have not joined the Global Forum.
