Published by Gbaf News
Posted on January 4, 2014
Members of the Global Forum on Transparency and Exchange of Information for Tax Purposes took significant steps during a meeting last month in Jakarta, Indonesia, to implement a global call for greater international co-operation against tax evasion and to boost the comprehensive exchange of information between governments worldwide.
Charles Savva
It is worth noting the following important actions decided at the meeting:
Agreement that the Forum continues monitoring implementation of the transparency and information exchange standard, while further developing its Terms of Reference and review processes.
The Global Forum brings together 121 countries and jurisdictions for wide-ranging discussions on transparency and exchange of information. The meeting in Jakarta attracted more than 200 delegates from 86 member jurisdictions and 11 international organisations.
Dr. Muhammad Chatib Basri, Minister of Finance of Indonesia, congratulated all Forum members for their achievements to date: “At a time where most economies are extremely fragile, having so many jurisdictions working together and agreeing on very sensitive outcomes to improve international tax cooperation is key and extremely positive. I have no doubt that this is the kick-off to a new era in the global tax environment.”
Members of the Global Forum on Transparency and Exchange of Information for Tax Purposes took significant steps during a meeting last month in Jakarta, Indonesia, to implement a global call for greater international co-operation against tax evasion and to boost the comprehensive exchange of information between governments worldwide.
Charles Savva
It is worth noting the following important actions decided at the meeting:
Agreement that the Forum continues monitoring implementation of the transparency and information exchange standard, while further developing its Terms of Reference and review processes.
The Global Forum brings together 121 countries and jurisdictions for wide-ranging discussions on transparency and exchange of information. The meeting in Jakarta attracted more than 200 delegates from 86 member jurisdictions and 11 international organisations.
Dr. Muhammad Chatib Basri, Minister of Finance of Indonesia, congratulated all Forum members for their achievements to date: “At a time where most economies are extremely fragile, having so many jurisdictions working together and agreeing on very sensitive outcomes to improve international tax cooperation is key and extremely positive. I have no doubt that this is the kick-off to a new era in the global tax environment.”
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