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Assessing the Playing Field

International Cooperation in Tax Information Exchange

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Observations

There is no evidence in the 2006 Assessment to indicate that countries within the OECD have overall better legal and administrative frameworks for exchange of tax information than countries outside the OECD. Nor is there any evidence in the Assessment to indicate that the small and developing countries, identified by the OECD in 2000 as ‘tax havens’, have legal and administrative frameworks of inferior quality to those within the OECD or to those within the group of non-OECD financial centres which were not targeted as tax havens. This observation is consistent with a recent IMF Assessment Report, which, after comparing so-called OFCs with 55 ‘onshore’ jurisdictions, indicated that the regulatory and administrative framework in ‘OFCs’ are actually ‘more favourable’.

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