BURKINA Faso and Cameroon
have joined the Global Forum on Transparency and Exchange of Information
for Tax Purposes. As 112th and 113th members of the Global Forum they will
participate in the peer review process which encourages all countries to
adopt effective exchange of information in tax matters.
The Global Forum’s aim is to ensure that all jurisdictions adhere to the
same high standard of international cooperation in tax matters and Governments
come together to fight and prevent tax evasion. Membership of the Global
Forum has gradually grown, and the fact that more African countries recently
joined it highlights the importance of the work being carried out by the
Forum over the last few years. Having the African Tax Administration Forum
(ATAF) as an observer of the Global Forum helps to increase co-operation
in the African region.
Consistently supported by G-20 leaders, the Global Forum has, since 2010,
published 79 peer review reports containing 495 recommendations to help jurisdictions
improve their cooperation in tax matters. As a result, more than half of
the countries reviewed have already introduced or proposed changes to their
laws. The Global Forum recently launched Phase 2 of its review process, which
will examine countries’ effectiveness of exchange of information practices.
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