Financial Transparency Coalition

PARIS – The OECD and India have announced plans to strengthen ongoing co-operation on tax-related issues through the development of a three-year partnership that will provide greater opportunities for structured dialogue and sharing of information.

Rumour reaches me that Jersey has failed its OECD peer review. The OECD says of the peer review process that:

The international fight against cross-border tax evasion has entered a new phase with the launch by countries participating in the Global Forum on Transparency and Exchange of Information of a peer review process covering a first group of 18 jurisdictions: Australia, Barbados, Bermuda, Botswana, Cayman Islands, Denmark, India, Ireland, Jamaica, Jersey, Mauritius, Monaco, Norway, Panama, Qatar, San Marino, Seychelles and Trinidad & Tobago. The reviews are a first step in a three-year process approved in February by the Global Forum in response to...

‘We don’t care how much tax we pay, as long as you tell us how much it is, let us pay it and leave us alone’ Perhaps not what you might expect to hear from the head of tax from a major global bank. But as the most influential tax professionals from across America gathered in DC to discuss the latest developments in business taxation with the OECD, simplicity and certainty was the resounding call from business. The OECD is looking for its place in the world, and it’s pretty clear that this “rich countries’ club” is not as dominant as...

WASHINGTON, DC – As the Organization for Economic Cooperation and Development (OECD) convenes its third meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Bermuda today, addressing deficiencies in the current OECD standard of tax information exchange is crucial, said Global Financial Integrity (GFI).