Global Forum on Transparency and Exchange of Information for Tax Purposes

➖ Founded in 2000 and restructured in September 2009.

➖ Consists of OECD member countries as well as other jurisdictions that have agreed to implement tax related transparency and information exchange.

➖ Works under the auspices of the OECD and G20. Its mission is to “implement the international standard through two phases of peer review process”.

➖ It addresses tax evasion, tax havens, offshore financial centres, tax information exchange agreements, double taxation and money laundering.

➖ Promotes the implementation of two internationally agreed standards on exchange of information for tax purposes: the standard on Exchange of Information on Request (EOIR) and the standard on Automatic Exchange of Information (AEOI). Members commit to at least implement EOIR.