Uncategorised

OECD publishes compliance ratings for 'tax transparency' in 10 jurisdictions

Chris Hamblin Editor London 22 August 2017

OECD publishes compliance ratings for 'tax transparency' in 10 jurisdictions

The Global Forum for Transparency and the Exchange of Information for Tax Purposes (a creation of the Organisation for Economic Co-operation and Development in Paris) has published the results of a review of countries' compliance with OECD standards for the exchange of information between tax authorities upon request.

Using 'peer reviews,' the forum looked at the way in which ten jurisdictions exchanged information. Ireland, Mauritius and Norway received a rating of 'compliant.' Australia, Bermuda, Canada, Cayman Islands, Germany and Qatar were rated 'largely compliant.' Jamaica was rated 'partially compliant,' inspiring the forum to issue a report about it.

The automatic exchange of financial account information will start in September in accordance with the OECD's Common Reporting Standard.

 

Register for WealthBriefingAsia today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes