International efforts to foil cross-border tax evasion has taken a
significant advance with the launch of a country-by-country reporting
initiative, the OECD has announced.
Australia, Barbados, Bermuda, Botswana, Canada, Cayman Islands, Denmark,
Germany, India, Ireland, Jamaica, Jersey, Mauritius, Monaco, Norway, Panama,
Qatar, Trinidad & Tobago are participating in a peer review process set up
by the Global Forum on Transparency and Exchange of Information.
The reviews are a first step in a three-year process approved in February by
the Global Forum in response to the call by G20 leaders at their Pittsburgh
Summit in September 2009 for improved tax transparency and exchange of
OECD Secretary-General Angel Gurría said:
“The Global Forum has been quick to respond to the G20 call for a robust peer
review mechanism aimed at ensuring rapid implementation of the OECD standard on
“This is the most comprehensive peer review process in the world, and it is
based on decades of experience at the OECD of conducting reviews of this kind in
many other areas of policy making. I look forward to seeing the first results
later this year”.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states