tax transparency

On 9 October 2019 the OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors was released. From the Overview in the report: “Overview G20 support for modernising the international tax rules has been instrumental over the past 10 years in ending bank secrecy, considerably improving tax co-operation, and strengthening the rules to counter base erosion and profit shifting (BEPS) by multinational companies. However, further progress is needed ...

The willingness of individuals and businesses to voluntarily pay tax can be improved through better understanding of the complex interlinkages between enforcement, trust in government and the ease of compliance, according to a new report from the OECD. The release of the report was announced in a press release dated 11 September 2019 on the website of the OECD. Tax Morale: What Drives People and Businesses to Pay Tax? assesses the ...

On 30 July 2019, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published nine peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). This was announced in a press release published on the website of the OECD. These reports are part of the second round of Global Forum reviews, which assess jurisdictions against the ...

On 8 June 2019, the OECD released the 2019 OECD Secretary-General Report to G20 Finance Ministers and Central Bank Governors. The report contains a brief overview provided by the Secretary-General (see hereafter) as well as tables and overviews regarding the status of various actions. Aruba Aruba is being welcomed as one of the 13 new members of the OECD/G20 Inclusive Framework on BEPS, since the last report of the Secretary-General ...

International efforts to improve transparency via automatic exchange of information on financial accounts are improving tax compliance and delivering concrete results for governments worldwide, according to new data released on 7 June 2019 by the OECD. More than 90 jurisdictions participating in a global transparency initiative under the OECD’s Common Reporting Standard (CRS) since 2018 have now exchanged information on 47 million offshore accounts, with a total value of around ...

Last week it was announced that Aruba has been removed from the EU list of non-cooperative jurisdictions for tax purposes. We now have access to the relevant official documents of the Council of the European Union. The removal was formalized in a Note from the General Secretariat of the Council of the European Union to Permanent Representatives of the Committee/Council, 15 May 2019 and the final description and assessment of ...

EU Finance Ministers have updated the EU list of non-cooperative tax jurisdictions, based on an intense process of analysis and dialogue steered by the Commission. The list has proven a true success with many countries having changed their laws and tax systems to comply with international standards. This was announced in a press release dated 12 March 2019 as published on the website of the European Commission. From the press ...

The Inclusive Framework on BEPS has released the 2017 Peer Review Reports on the Exchange of Information on Tax Rulings  (hereafter: the report) in connection with its assessment of individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. The peer review reports show that one key aim of the BEPS Project – increasing transparency on tax rulings - is ...

The Inclusive Framework on BEPS has released the 2017 Peer Review Reports on the Exchange of Information on Tax Rulings  (hereafter: the report) in connection with its assessment of individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. The peer review reports show that one key aim of the BEPS Project – increasing transparency on tax rulings - is ...

The Inclusive Framework on BEPS has released the 2017 Peer Review Reports on the Exchange of Information on Tax Rulings  (hereafter: the report) in connection with its assessment of individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. The peer review reports show that one key aim of the BEPS Project – increasing transparency on tax rulings - is ...

As part of continuing efforts to improve tax transparency, the Inclusive Framework on BEPS has now assessed 92 individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. This was announced by the OECD in a press release dated 13 December 2018. From the press release: The 2017 Peer Review Reports on the Exchange of Information on Tax Rulings show that one ...

The Global Forum on Transparency and Exchange of Information for Tax Purposes held its annual meeting in Punta del Este, Uruguay on 20-22 November, bringing together over 200 delegates from more than 100 jurisdictions, international organisations and regional groups to strengthen further the international community’s fight against tax evasion.  This was announced with a press release published on the website of the OECD. The meeting marked the widespread rollout of automatic exchange of ...

On 19 November, Uruguay’s Minister of Economy and Finance Danilo Astori hosted a discussion with Ministers, high level representatives and senior officials from Latin America on how to strengthen regional efforts to combat tax fraud and corruption. This was announced in a press release published on the website of the OECD. From the press release: The meeting concluded with the signing of the Punta del Este Declaration in which the Ministers and Deputy ...

With a press release posted on the website of the OECD, the OECD announces the 11th Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, 20-22 November 2018, in Punta del Este, Uruguay. From the press release: Global cooperation to fight tax evasion and avoidance has grown rapidly over the past few years. Tax Transparency and Exchange of Information between tax authorities about financial assets ...

Improving the effectiveness and timeliness of dispute resolution mechanisms is the aim of Action 14 of the BEPS Action Plan (read the final report on Action 14 of the BEPS Action Plan) and is also part of the wider G20/OECD tax certainty agenda. The Action 14 minimum standard requires jurisdictions to seek to resolve mutual agreement procedure ("MAP") cases within an average timeframe of 24 months. To monitor compliance with this, ...

De minister van Financiën, Economische Zaken en Cultuur van Aruba reisde onlangs naar Parijs om het wereldwijde forum van de OECD over transparantie en uitwisseling van informatie voor belastingdoeleinden bij te wonen (het "Global Forum on Transparency and Exchange of Information for Tax Purposes"). Zo is bekendgemaakt in een persbericht op de officiële website van de overheid van Aruba. Het volgende uit het persbericht: "Tijdens het mondiale forum verdedigde minister ...

The OECD has released a new brochure outlining the OECD’s work on tax: “OECD Work on Taxation 2018-19”. In his preface to the brochure, the OECD’s Secretary-General Mr. Angel Gurría recalls among others that great success was achieved in tackling tax evasion through the Global Forum on Transparency and Exchange of Information for Tax Purposes (which has more than 150 members, hereafter: “the Global Forum”) and that it is estimated ...

On 22 July 2018, the OECD Secretary-General report to the G20 Finance Ministers and Central Bank Governors was published on the website of the OECD. The report contains two parts. Part I is a report on the activities and achievements of the OECD’s tax agenda, and is made of two subparts: looking back at significant achievements and looking ahead at the further progress needed, in particular through the OECD/G20 Inclusive ...

Over 70 participants from 20 countries in Europe and Central Asia gathered in Tbilisi, Georgia, for a high-level regional event on Developments in International Tax Co-operation: Fighting Tax Evasion and Avoidance on 17-18 July 2018. This was announced in a press release dated 20 July 2018 published on the website of the OECD. From the press release: Over two days, participants discussed policy responses to fighting tax evasion and avoidance, as well ...

On 4 April 2018, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published nine peer review reports assessing compliance with international standards on tax transparency, according to a press release dated 4 April 2018 on the website of the OECD. Eight of these reports assess countries against the updated standards which incorporate beneficial ownership information of all legal entities and arrangements, in line with the Financial ...

As part of continuing efforts to improve tax transparency and the international tax framework, the OECD has released the first analysis of individual countries' progress in spontaneously exchanging information on tax rulings in accordance with Action 5 of the BEPS package of measures released in October 2015, according to an announcement dated 4 December 2017 on the website of the OECD. The first annual report on the exchange of information on rulings ...

On the website of the OECD, the international state of play can be discovered with an interactive map presenting key indicators and outcomes of the OECD work on international tax matters (in particular regarding transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes and most recently the Inclusive Framework on BEPS), with close to 150 countries and jurisdictions. Refer to the ...

On the website of the OECD, the international state of play can be discovered with an interactive map presenting key indicators and outcomes of the OECD work on international tax matters (in particular regarding transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes and most recently the Inclusive Framework on BEPS), with close to 150 countries and jurisdictions. Refer to the ...

On the website of the OECD, the international state of play can be discovered with an interactive map presenting key indicators and outcomes of the OECD work on international tax matters (in particular regarding transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes and most recently the Inclusive Framework on BEPS), with close to 150 countries and jurisdictions. Refer to the ...

On the website of the OECD, the international state of play can be discovered with an interactive map presenting key indicators and outcomes of the OECD work on international tax matters (in particular regarding transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes and most recently the Inclusive Framework on BEPS), with close to 150 countries and jurisdictions. Refer to the ...

In an announcement dated 5 December 2017 on its website, the OECD notes that over the last 50 years, the OECD led the way on tax issues and has been at the forefront of promoting transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes  and most recently the Inclusive Framework on BEPS. Both the Global Forum and the Inclusive Framework on ...

200 Delegates from more than 90 delegations met in Yaoundé, Cameroon for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions. The meeting took place last week, 15-17 November 2017. The Global Forum adopted the first report on the status of implementation of the AEOI Standard a few weeks after almost 50 countries started exchanges of information ...

The Peer Review Report on the Exchange of Information on Request in relation to Curaçao 2017 (Second Round) released today by the Global Forum on Transparency and Exchange of Information for Tax Purposes, concludes that Curaçao is rated “Partially-Compliant” overall. The report – full name: Global Forum on Transparency and Exchange of Information for Tax Purposes: Curaçao 2017 (Second Round). Peer Review Report on the Exchange of Information on Request, ...

In a press release on the website of the OECD, the publication of the second round peer review report for Curaçao has been announced to take place during the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, in Yaoundé, Cameroon on 15-17 November 2017. During the 10th meeting of the Global Forum, new efforts to ensure a worldwide level playing field and global implementation ...

New efforts to ensure a worldwide level playing field and global implementation of transparency standards will top the agenda during the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, in Yaoundé, Cameroon on 15-17 November 2017, according to a press release dated 9 November 2017 on the website of the OECD. Global Forum members will discuss key developments in the areas of exchange of ...