Brazil and Indonesia have won OECD recognition for their tax standards.
As a result of details provided to the Global Forum on Transparency and
Exchange of Information for Tax Purposes, the two countries are now ranked in
the category of jurisdictions that have substantially implemented the
internationally agreed tax standard.
The two countries joined the OECD’s Global Forum last September.
The body said it had updated its progress report, first issued in conjunction
with the G20 London summit in April 2009, to take account of improvements made
by the two countries signing information exchange agreements.
“According to the information provided, Brazil has more than 25 bilateral tax
treaties that provide for exchange of information in tax matters to the
internationally agreed standard while Indonesia has 53 agreements that meet the
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