Global Forum on Transparency and Exchange of Information for Tax Purposes [electronic resource]: Peer Reviews.
Paris : OECD Publishing.
The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 100 jurisdictions which participate in the work of the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes.  These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention.  The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. "Fishing expeditions" are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard. All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework.  Some Global Forum members are undergoing combined – Phase 1 plus Phase 2 – reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes. All review reports are published once approved by the Global Forum and they thus represent agreed Global Forum reports. For more information on the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes, please visit www.oecd.org/tax/transparency.
The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 100 jurisdictions which participate in the work of the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes.  These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention.  The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. "Fishing expeditions" are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard. All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework.  Some Global Forum members are undergoing combined – Phase 1 plus Phase 2 – reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes. All review reports are published once approved by the Global Forum and they thus represent agreed Global Forum reports. For more information on the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes, please visit www.oecd.org/tax/transparency.
Taxation
Global forum on transparency and exchange of information for tax purposespeer reviews : Botswana 2010 : phase 1, September 2010 (reflecting the legal and regulatory framework as at May 2010)
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsCayman Islands 2010 : phase 1, September 2010 (reflecting the legal and regulatory framework as at May 2010)
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsIndia 2010 : phase 1, September 2010 (reflecting the legal and regulatory framework as at May 2010)
Global forum on transparency and exhchange of information for tax purposespeer reviews : Jamaica 2010 : phase 1, September 2010 (reflecting the legal and regulatory framework as at May 2010)
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsMonaco 2010 : phase 1, September 2010 (reflecting the legal and regulatory framework as at June 2010)
Global forum on transparency and exchange of information for tax purposespeer reviews : Panama 2010 : phase 1, September 2010 (reflecting the legal and regulatory framework as at May 2010)
Global forum on transparency and exchange of information for tax purposes peer reviewsItaly 2011 : combined : phase 1 + phase 2
Global forum on transparency and exchange of information for tax purposes peer reviewsUnited States 2011 : combined : phase 1 + phase 2
Global forum on transparency and exchange of information for tax purposes peer reviewsIsle of Man 2011 : combined : phase 1 + phase 2
Global forum on transparency and exchange of information for tax purposespeer reviews : Andorra 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Anguilla 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Antigua and Barbuda 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Austria 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Bahrain 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Curaçao 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Federation of Saint Kitts and Nevis 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Liechtenstein 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Luxembourg 2011. Phase 1
Global forum on transparency and exchange of information for tax purposespeer reviews : Turks and Caicos Islands. Phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsVirgin Islands (British) 2011 : phase 1, August 2011 (reflecting the legal and regulatory framework as at May 2011)
Global forum on transparency and exchange of information for tax purposes peer reviewsUnited Kingdom 2011 : phase 1 + phase 2
Hong Kong, China 2011Phase 1, October 2011 (reflecting the legal and regulatory framework as at August 2011)
Gibraltar 2011 Phase 1October 2011 (reflecting the legal and regulatory framework as at August 2011)
Global forum on transparency and exchange of information for tax purposes peer reviewsJapan 2011 : combined, phase 1 + phase 2, October 2011 (reflecting the legal and regulatory framework as at July 2011)
The former Yugoslav Republic of Macedonia 2011Phase 1, October 2011 (reflecting the legal and regulatory framework as at May 2011)
Uruguay 2011Phase 1, October 2011 (reflecting the legal and regulatory framework as at July 2011)
The Netherlands 2011 CombinedPhase 1 + Phase 2, October 2011 (reflecting the legal and regulatory framework as at July 2011)
Macao, China 2011
Vanuatu 2011Phase 1, October 2011 (reflecting the legal and regulatory framework as at July 2011)
Malaysia 2011phase 1, October 2011 (reflecting the legal and regulatory framework as at August 2011)
Brunei Darussalam 2011
Spain 2011 CombinedPhase 1 + Phase 2, October 2011 (reflecting the legal and regulatory framework as at July 2011)
Global forum on transparency and exchange of information for tax purposes peer reviewsIndonesia 2011. Phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsFrance 2011 : combined, phase 1 + phase 2
Global forum on transparency and exchange of information for tax purposes peer reviewsHungary 2011 : phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsNew Zealand 2011 : combined, phase 1 + phase 2
Global forum on transparency and exchange of information for tax purposes peer reviewsSingapore 2011 : phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsSwitzerland 2011 : phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsthe Philippines 2011 : phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsBrazil 2012. Phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsChile 2012. Phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsCosta Rica 2012. Phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsCyprus 2012. Phase 1
Czech Republic 2012
Guatemala 2012March 2012 (reflecting the legal and regulatory framework as at December 2011)
Global forum on transparency and exchange of information for tax purposes peer reviewsMalta 2012. Phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsMexico 2012. Phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsSaint Vincent and the Grenadines 2012. Phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsSlovak Republic 2012. Phase 1
Republic of Korea 2012March 2012 (reflecting the legal and regulatory framework as at January 2012)
Cook Islands 2012phase 1
The Republic of Liberia 2012phase 1
Lebanon 2012phase 1
Grenada 2012phase 1
Montserrat 2012phase 1
Saint Lucia 2012phase 1
United Arab Emirates 2012phase 1
People's Republic of China 2012combined, phase 1 + phase 2
Greece 2012combined, phase 1 + phase 2
Global forum on transparency and exchange of information for tax purposes peer reviewsphase 1
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Marshall Islands 2012Phase 1: Legal and Regulatory Framework /
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Niue 2012Phase 1: Legal and Regulatory Framework /
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Russian Federation 2012Phase 1: Legal and Regulatory Framework /
Global forum on transparency and exchange of information for tax purposes peer reviewsphase 1
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Sint Maarten 2012Phase 1: Legal and Regulatory Framework /
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Slovenia 2012Phase 1: Legal and Regulatory Framework /
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Argentina 2012Combined: Phase 1 + Phase 2 /
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: South Africa 2012Combined: Phase 1 + Phase 2 /
Global forum on transparency and exchange of information for tax purposes peer reviewsBermuda 2010
Global forum on transparency and exchange of information for tax purposespeer reviews : Qatar 2010 : phase 1, September 2010 (reflecting the legal and regulatory framework as at May 2010)
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsBarbados 2010 : phase 1
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsGuernsey 2011 : phase 1
San Marino 2011phase 1 : January 2011 (reflecting the legal and regulatory framework as at October 2010)
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsthe Seychelles 2011 : phase 1
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsTrinidad and Tobago 2011 : phase 1
Australia, 2011combined, phase 1 + phase 2 : January (reflecting the legal and regulatory framework as at June 2010)
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviews
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsIreland 2011 : combined phase 1+ phase 2
Global forum on transparency and exchange of information for tax purpsoses peer reviews: Jersey 2011combined: phase 1 + phase 2, January 2011 (reflecting the legal and regulatory framework as at June 2010)
Mauritius 2011combined : phase 1 + phase 2 : January 2011 (reflecting the legal and regulatory framework as at August 2010)
Norway 2011combined : phase 1 + phase 2 : January 2011 (reflecting the legal and regulatory framework as at August 2010)
Peer ReviewsLegal and Regulatory Framework
Global forum on transparency and exchange of information for tax purposes peer reviewsBahanmas 2011. Phase 1
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsBelgium 2011 : phase 1
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsEstonia 2011 : phase 1
Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviewsGhana 2011 : phase 1
Global forum on transparency and exchange of information for tax purposes peer reviewsCanada 2011. Combined, phase 1 + phase 2
Global forum on transparency and exchange of information for tax purposes peer reviewsGermany 2011. Combined, phase 1 + phase 2