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  • 17-July-2023

    English

    Enhancing International Tax Transparency on Real Estate - OECD Report to G20 Finance Ministers and Central Bank Governors

    Following a request from the Indian G20 Presidency, this report examines the current state of tax transparency concerning foreign-owned real estate. It also explores how recent advancements in other tax transparency frameworks, such as the OECD/G20 Common Reporting Standard, and broader policy developments, such as the Financial Action Task Force’s work on beneficial ownership, could inform possible improvements to tax transparency in the area of real estate on a voluntary basis. The report is set out in three main sections. The first addresses the potential tax compliance risks in the area of foreign real estate holdings and highlights the benefits of enhanced tax transparency in this area. The second outlines the key domestic and international features required for a successful tax transparency framework. The final section identifies potential short-term and structural improvements to the existing architecture.
  • 6-July-2023

    English

    New African voices help amplify international efforts for tax transparency

    Launched today during the 13th Meeting of the Africa Initiative, Tax Transparency in Africa 2023 presents African countries’ latest advances in tackling the major issue of tax evasion and other illicit financial flows through transparency and exchange of information for tax purposes. Co-produced by the Global Forum, the African Union Commission and the African Tax Administration Forum, the report covers 38 African countries.

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  • 27-June-2023

    English

    Latin American countries make headway on transparency and exchange of information for tax purposes, with margin for improvements

    Published today during the 8th meeting of the Punta del Este Declaration Initiative held in Asunción, Paraguay, Tax Transparency in Latin America 2023 presents the latest progress achieved by 16 Latin American countries in tackling tax evasion and other illicit financial flows (IFFs) through transparency and exchange of information (EOI) for tax purposes.

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  • 9-June-2023

    English

    Global Forum Secretariat and Asian Development Bank help Cambodia prepare for second round peer review on the exchange of information on request standard

    The Secretariat of the Global Forum and the Asian Development Bank are assisting Cambodia in preparing for its peer review aimed at assessing the country’s compliance with the international standard of transparency and exchange of information on request.

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  • 9-June-2023

    English

    Global Forum Secretariat launches new guidance on implementing secure systems for the automatic exchange of information

    The Secretariat of the Global Forum on Transparency and Exchange of Information (Global Forum) has developed a new Guidance for implementation of a secure perimeter for automatic exchange of information purposes – a tactical approach on confidentiality and data safeguards for developing countries.

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  • 8-June-2023

    English

    International Standards for Automatic Exchange of Information in Tax Matters - Crypto-Asset Reporting Framework and 2023 update to the Common Reporting Standard

    Since the approval of the Standard for Automatic Exchange of Financial Account Information in Tax Matters in 2014, it has been implemented by jurisdictions and financial institutions across the globe. Taking into account the experience gained and the growing digitalisation of financial markets, a comprehensive review of the Standard was undertaken. As a result, this publication includes the Crypto-Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS), along with associated Commentaries and exchange of information frameworks, as approved by the Committee on Fiscal Affairs, which now collectively represent the International Standards for Automatic Exchange of Information in Tax Matters. The CARF provides for the automatic exchange of tax relevant-information on crypto-assets and was developed to address the rapid growth of the crypto-asset market and to ensure that recent gains in global tax transparency are not gradually eroded. The CRS was amended to bring certain electronic money products and central bank digital currencies in scope. Changes have also been made to ensure that indirect investments in crypto-assets through derivatives and investment vehicles are now covered by the CRS. In addition, amendments have been made to strengthen the due diligence and reporting requirements and to provide a carve-out for genuine non-profit organisations. This publication also includes the OECD Recommendation on the International Standards for Automatic Exchange of Information in Tax Matters, which covers both the CARF and amended CRS.
  • 31-May-2023

    English

    Global Forum Secretariat assists members to ensure the effective implementation of automatic exchange of financial account information

    To further assist jurisdictions committed to automatic exchange to implement their compliance strategies, the Global Forum Secretariat launched today the Methodology for implementation of the risk based approach to administrative compliance and risk matrices, that jurisdictions can use to develop or improve their own risk assessment approach.

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  • 26-May-2023

    English

    Global Forum Secretariat and ATAF deliver seminar on automatic exchange of financial account information for Kenyan tax officials

    The Secretariat of the Global Forum facilitated a virtual seminar on automatic exchange of financial account information from 22 to 26 May 2023 for officials from Kenya Revenue Authority.

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  • 22-May-2023

    English

    Study Group on Asia-Pacific Tax Administration and Research and Asian Infrastructure Investment Bank join global fight against tax evasion as Global Forum's 22nd and 23rd observers

    The Study Group on Asia-Pacific Tax Administration and Research (SGATAR) and the Asian Infrastructure Investment Bank (AIIB) have joined the global fight against tax evasion by becoming the 22nd and 23rd observers of the Global Forum respectively.

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  • 16-May-2023

    English

    Global Forum members’ Competent Authorities meet in Tbilisi for their annual experience-sharing conference

    The 10th Global Forum Competent Authorities Conference was kindly hosted by the Georgia Revenue Service on 15 and 16 May 2023 in Tbilisi. The event brought together 160 participants from 77 jurisdictions.

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