AS part of continuing efforts to improve tax transparency, the Inclusive Framework on BEPS has now assessed 92 individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package.

The 2017 Peer Review Reports on the Exchange of Information on Tax Rulings show that one key aim of the BEPS Project – increasing transparency on tax rulings – is a long way to being achieved, with more than 16000 tax rulings being identified and almost 21000 exchanges of information having taken place to date. The peer review process itself has proven to be very effective, with 60% of recommendations issued in the first annual report just one year ago already having been successfully addressed.