On 14 March 2016, the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports for 10 jurisdictions. The reports and their results are as follows:
The reports are produced as part of a two-phase review process for compliance with the international standard for information exchange. The Phase 1 report includes an evaluation of a jurisdiction's legal and regulatory framework for transparency and exchange of information, and provides recommendations for improvement. Jurisdictions deemed to have a sufficient framework in place move on to Phase 2, which includes an evaluation of the actual implementation of the standard for information exchange, with a compliance rating given along with recommendations for improvement. The compliance ratings include Non-Compliant, Partially Compliant, Largely Compliant or Compliant.
Click the following link for an overview of the compliance ratings provided for the 28 jurisdictions that have only completed Phase 1 and the 94 jurisdictions that have completed Phase 2.
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