Strong progress seen on international tax transparency, OECD announces; Aruba rated as largely compliant, Curaçao mentioned as jurisdiction that has already applied to have its next Global Forum peer review advanced in order to reflect the recent progress it has made
In July 2016, G20 countries called on the Global Forum to devise objective criteria to identify jurisdictions that have not made sufficient progress toward a satisfactory level of implementation of the agreed international standards. These include those on Exchange of Information on Request (EOIR) and Automatic Exchange of Information (AEOI). The Global Forum established a Fast-Track review process to evaluate continuing efforts by some jurisdictions to meet transparency standards in the ...