• Register
Return to: Home > News > Regulation > Global Forum releases tax transparency compliance ratings

Global Forum releases tax transparency compliance ratings

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has published ten outcomes of an enhanced peer review assessing compliance with international standards on the exchange of information between tax authorities.

The peer reviews assessed the legal and regulatory framework process as well as the practices and procedures for six years and were launched mid-2016 in 119 jurisdictions worldwide. The reviews focused on the access of tax authorities to beneficial ownership information of all legal entities and arrangements in line with the Financial Action Task Force international standard. 

Ireland, Mauritius and Norway received an overall compliant rating and Australia, Bermuda, Canada, Cayman Islands, Germany and Qatar were rated largely compliant and Jamaica was rated partially compliant. The Global Forum is launching a supplementary report on follow up measures to ensure higher compliance.

The implementation of the international standard for the automatic exchange of financial account information, under the Common Reporting Standard (CRS), will start in September 2017.

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more


    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.