Tax Co-operation 2010

Towards a Level Playing Field

image of Tax Co-operation 2010

The Global Forum on Transparency and Exchange of Information for Tax Purposes's  annual assessment of the legal and regulatory systems for the exchange of information in tax matters. This year’s edition covers more than 90 jurisdictions, including all OECD and G20 countries as well as all of the world’s major financial centres. New additions this year are Botswana, Brazil, Jamaica, Indonesia, Liberia and Qatar.

For each jurisdiction, the report sets out information on agreements that meet the international standard for information exchange in tax matters; access to bank information for tax purposes; access to ownership, identity and accounting information; and availability of ownership, identity and accounting information relating to companies, trusts, partnerships and foundations.


Executive summary

The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) last met in Mexico on 1 and 2 September 2009. At the meeting, 170 delegates from 70 jurisdictions and international organisations agreed to restructure the Global Forum and to establish an in-depth peer review process to monitor and review progress towards full and effective exchange of information. The restructured Global Forum now includes almost 100 jurisdictions which participate on an equal footing. The Global Forum is tasked with completing peer reviews of the progress made by its members and other relevant jurisdictions in implementing the international standards of transparency and exchange of information for tax purposes. The peer reviews will examine each jurisdiction’s legal and regulatory framework (Phase 1 reviews) and its practical implementation of the standards (Phase 2 reviews). The Global Forum launched the first peer reviews in March 2010 after having adopted a Schedule of Reviews, Methodology, Terms of Reference and a Note on Assessment Criteria.


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