Guinea, Namibia and Honduras have joined the Global Forum on Transparency and Exchange for Tax Purposes as its 155th, 156th and 157th members.
By joining the Global Forum they commit to implement both the international standard of exchange of information on request and the standard on automatic exchange of financial account information.
The Global Forum’s chair Maria José Garde said: “I am delighted and welcome that countries from all corners of the world are joining the fight against tax evasion by becoming Global Forum members. The continuing growth in our membership has greatly strengthened international efforts to improve tax transparency for the benefit of all. We will celebrate in November ten years of increasing co-operation between our 157 members and the tremendous progress made against tax evasion”.
The Global Forum's aim is to ensure that all jurisdictions adhere to the same high standard of international co-operation in tax matters. This is done through a robust monitoring and peer review process, in which Guinea, Namibia and Honduras will participate, as well as by providing technical assistance to member countries.
The Global Forum Secretariat will work with Guinea, Namibia and Honduras to help them implement the standard of exchange of information on request and ensure they can participate in automatic exchange of information as soon as practicable.