Collective's Global Forum on Transparency and Exchange of Information for PDF

The international discussion board on Transparency and trade of knowledge for Tax reasons is the multilateral framework during which paintings within the region of tax transparency and trade of knowledge is performed by way of over ninety jurisdictions which perform the paintings of the worldwide discussion board on an equivalent footing.

The international discussion board is charged with in-depth tracking and peer evaluation of the implementation of the criteria of transparency and alternate of data for tax reasons. those criteria are essentially mirrored within the 2002 OECD version contract on trade of knowledge on Tax issues and its remark, and in Article 26 of the OECD version Tax conference on source of revenue and on Capital and its observation as up-to-date in 2004, which has been included within the UN version Tax conference.

The criteria supply for overseas alternate on request of foreseeably correct info for the management or enforcement of the family tax legislation of a inquiring for get together. “Fishing expeditions” aren't authorized, yet all foreseeably correct details has to be supplied, together with financial institution info and knowledge held via fiduciaries, whatever the lifestyles of a family tax curiosity or the appliance of a twin illegal activity standard.

All individuals of the worldwide discussion board, in addition to jurisdictions pointed out by means of the worldwide discussion board as appropriate to its paintings, are being reviewed. This procedure is undertaken in levels. section 1 stories check the standard of a jurisdiction’s criminal and regulatory framework for the trade of data, whereas section 2 experiences examine the sensible implementation of that framework. a few worldwide discussion board contributors are present process mixed – part 1 plus part 2 – reports. the final word aim is to aid jurisdictions to successfully enforce the overseas criteria of transparency and alternate of knowledge for tax reasons.

All assessment stories are released as soon as licensed via the worldwide discussion board they usually hence symbolize agreed worldwide discussion board reports.

For additional information at the paintings of the worldwide discussion board on Transparency and trade of knowledge for Tax reasons, and for copies of the printed assessment experiences, please stopover at www.oecd.org/tax/transparency