OECD Agrees on Non-Cooperative Jurisdiction Criteria

The OECD's Committee on Fiscal Affairs has reportedly reached agreement on objective criteria to assess jurisdictions as non-cooperative with regard to tax transparency during the recent meeting in Kyoto, Japan on 30 June to 1 July 2016. The criteria include:

• Whether the jurisdiction has signed and ratified the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 protocol;
• Whether the jurisdiction has committed to implement automatic exc…