OECD rates six more jurisdictions largely compliant on tax transparency

A new set of country ratings from the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes (the Forum) has given six jurisdictions an overall rating of largely compliant with the OECD’s updated global standard, which incorporates beneficial ownership of all legal entities.

In its second round of peer-review reports, the Forum said that Andorra, Curaçao, Dominican Republic, Marshall Islands, Samoa and the United Arab Emirates have demonstrated progress on the deficiencies identified in the first round of reviews. They have improved access to information; developed broader agreements for the exchange of information (EOI) on request; and improved their monitoring of the handling of incoming EOI requests, which are now increasing in all jurisdictions.

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