In series:Global Forum on Transparency and Exchange of Information for Tax Purposes: Peer Reviewsview more titles
Published on March 16, 2015
The Cook Islands was rated as Largely Compliant. The Cook Islands has adequate laws requiring the availability of and access to information. In practice, the Cook Islands has effective systems in place for the monitoring and enforcement of these obligations. The Global Forum recommends that the Cook Islands clarify its legislation governing the maintenance of underlying accounting records and to monitor the effectiveness of the new accounting record keeping obligations. The Cook Islands has answered all requests for information from treaty partners in full and timely manner and peers are very satisfied with the Cook Islands as an exchange of information partner. Given that the Cook Islands has received a relatively small number of requests in the review period, the Global Forum recommended that the Cook Islands monitor its exchange of information capacity. For further information on the exchange of information practice of The Cook Islands and to read the full report click here.