Peer review report on exchange of information

Dec 14, 2020

A new report published by the Global Forum on Transparency and Exchange of information for Tax Purposes has been published. The report shows that 88 percent of jurisdictions engaged in automatic exchange since 2017-2018 were deemed to have satisfactory legal frameworks in place.  

The report highlights that the new standards on the automatic exchange of information for tax purposes have been satisfactorily implemented by countries worldwide. In 2019, countries automatically exchanged information on 84 million financial accounts worldwide, covering total assets of USD 10 trillion. EUR 107 billion in additional tax revenues have been identified through voluntary disclosure programmes, offshore tax investigations and related measures since 2009, an increase over the EUR 102 billion figure reported in 2019. 

For more information read the report.