CBGA Report on International Institutional Architecture and Financial Transparency

November 3rd, 2016

In the fight against Illicit Financial Flows and Tax Havens, Exchange of Information has emerged as a significant tool. Currently the global initiative on Exchange of Information and Financial Transparency is being led by the ‘Global Forum on Transparency and Exchange of Information for Tax Purposes’ which was established by OECD. Given the scope and significance of these initiatives, especially for developing countries, this paper tries to asses various aspect of the Global Forum, such as membership requirements, the impact of OECD linkages and effectiveness of the two projects – Peer Review and Implementation of Automatic Exchange of Information. These assessments are followed by a set of recommendations which should be able to fix some of the weaknesses in the current framework as well as make the Global Forum a more democratic and Inclusive institute.

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