PARIS, SEPT 21, 2010: IN the past two years, there has been a significant progress towards greater tax transparency. The 94-Member Global Forum has done the wonders. After getting the mandate from G-20 for better tax cooperation, it built and sustained pressure on tax havens and fiscally opaque countries which have not complied with international standards.

OECD communique states that more than 200 delegates will meet in Singapore on 29–30 September 2010 to discuss the first Peer Review Reports in respect of - Bermuda, Botswana, the Cayman Islands, India, Jamaica, Monaco, Panama and Qatar - and to adopt the Annual Assessment of the progress made. Both the adopted reports and the annual assessment will be made public. The Global Forum will also consider expanding its membership and will adopt a report to the G20 on the progress made towards tax transparency.