9 November 2016
During the 2 to 4 November meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, new peer review reports for 17 jurisdictions were published. In addition to the reports, a special fast-track review procedure was agreed to during the meeting that enables the Global Forum to recognize, by mid-2017, progress made and to assess changes being made in various jurisdictions. This procedure is meant to allow jurisdictions to avoid being listed as non-cooperative jurisdiction if they have not received a final rating or have received a non-compliant rating.
The reports published and their results are as follows:
Phase 1 Report for:
Phase 2 Reports for:
Combined Phase 1 and 2 Report for:
Supplementary Phase 1 Reports for:
Supplementary Phase 2 Reports for:
The reports are produced as part of a two-phase review process for compliance with the international standard for information exchange. The Phase 1 report includes an evaluation of a jurisdiction's legal and regulatory framework for transparency and exchange of information, and provides recommendations for improvement. Jurisdictions deemed to have a sufficient framework in place move on to Phase 2, which includes an evaluation of the actual implementation of the standard for information exchange, with a compliance rating given along with recommendations for improvement. The compliance ratings include Non-Compliant, Partially Compliant, Largely Compliant, or Compliant.
Click the following links for the details of the 17 reports and an overview of the compliance ratings provided for the 12 jurisdictions that have completed Phase 1 and the 113 jurisdictions that have completed both Phase 1 and Phase 2.
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