The OECD global forum has released the results of its fast track review process for identifying jurisdictions failing to meet international tax transparency standards. Of the 15 jurisdictions evaluated, only Trinidad and Tobago remains ‘non-compliant’. These results mark the end of the first round of ‘exchange of information on request’ peer reviews, to be delivered to the July G20 Summit in Hamburg.
The outcome of the fast track review is a provisional rating. The fast track process was designed by the global forum as a short term measure, pending a full peer review, that would allow jurisdictions to quickly demonstrate whether, prima facie, they were making sufficient progress towards satisfactory implementation of the tax transparency standard. A second round of peer reviews is underway.
The OECD global forum has released the results of its fast track review process for identifying jurisdictions failing to meet international tax transparency standards. Of the 15 jurisdictions evaluated, only Trinidad and Tobago remains ‘non-compliant’. These results mark the end of the first round of ‘exchange of information on request’ peer reviews, to be delivered to the July G20 Summit in Hamburg.
The outcome of the fast track review is a provisional rating. The fast track process was designed by the global forum as a short term measure, pending a full peer review, that would allow jurisdictions to quickly demonstrate whether, prima facie, they were making sufficient progress towards satisfactory implementation of the tax transparency standard. A second round of peer reviews is underway.
