With 161 members, the Global Forum on Transparency and Exchange of Information for Tax Purposes is the leading international body working on the implementation of global tax transparency standards around the world.
Since the G20 declared the end of banking secrecy in 2009, the international community has achieved unprecedented success in implementing the international tax transparency and exchange of information standards to fight 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 over €100 billion in additional revenues.
Over 250 000 requests for information have been received by our members in 10 years, enabling the collection of more than € 7.5 billion in additional tax.
Information on 47 million financial accounts, with a total value of around € 7.9 trillion, was automatically exchanged in 2018 and is set to grow further in the years to come.
LISTEN: Former UK Prime Minister Gordon Brown explains how the G20 launched the crackdown on bank secrecy and tax evasion, and the challenges that remain.
