THE Third Meeting of Global Forum on Transparency
and Exchange of Information for Tax Purposes is scheduled to be held at
Bermuda between May 31 to June 1, 2011. The Forum is expected to review
the progress made against international tax evasion, and also find out
the answer to the question - Are countries living up to their commitments
to transparency and effective exchange of information on potential tax
dodgers?
At the request of the G20, the Global Forum on Transparency and Exchange of
Information for Tax Purposes is the key body to promote and monitor the implementation
of the global standard on exchange of information on tax purposes. The Forum,
based at the OECD, now brings together 101 countries and jurisdictions. At
this meeting the Forum will :-
++ assess
and release peer review reports on the implementation of the global standard
for France, Hungary, Italy, Isle of Man, New Zealand, Philippines, Singapore,
Switzerland and the United States;
++ discuss
ways to assist small and developing countries to implement the global standard,
including the development of multilateral instruments and technical assistance;
++ discuss
and adopt a report to the G20 on the progress made towards tax transparency.
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