OECD Secretary-General Angel Gurria has presented a report to G20 Finance Ministers and Central Bank Governors that highlights measures to ensure that all taxpayers pay their fair share.

The Global Forum is looking for a Tax Policy Analyst

The OECD has presented to G8 leaders the steps needed to create a fairer and more transparent global tax system.

The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.

Vast amounts of money are kept off-shore and go untaxed. The more we do to combat tax fraud and evasion, the more resources we will have to finance growth-enhancing public investment, restore the health of public finances, and put the euro area economy back on a sustained and long-term recovery, said OECD Secretary-General.

The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.

Offshore tax evasion remains a serious problem for countries and jurisdictions worldwide, with vast amounts of funds deposited abroad and sheltered from taxation when taxpayers fail to comply with obligations in their home countries.

OECD Secretary-General Angel Gurría has welcomed moves by more than 40 countries – reinforced by EU leaders - to commit to a detailed timetable to step up the fight against tax evasion.

Bank secrecy for tax purposes is coming to an end as countries and major financial centres commit to automatic exchange of information between jurisdictions.

Andorra has become the 48th signatory to an OECD Declaration that commits countries to end bank secrecy for tax purposes.

Taking an important step towards greater transparency and putting an end to banking secrecy in tax matters, the OECD today released the full version of a new global standard for the exchange of information between jurisdictions.

The new OECD/G20 standard on automatic exchange of information was endorsed today by all OECD and G20 countries as well as major financial centres participating in the annual meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Berlin. A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

Keeping tax transparency high on the agenda of Governments and taking steps to ensure a worldwide level playing field will top the agenda during the 8th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, in Bridgetown, Barbados on 29-30 October 2015.

On 17 December 2015 Greenland signed the Multilateral Competent Authority Agreement‎, re-confirming its commitment to implement automatic exchange of financial account information in time to exchange in 2017.

Malaysia today signed the Multilateral Competent Authority Agreement‎, re-confirming its commitment to implement automatic exchange of financial account information in time to commence exchanges in 2018.

In a continued effort to boost transparency in international tax matters, the OECD has today released its standardised electronic format for the exchange of Country-by-Country (CbC) Reports between jurisdictions – the CbC XML Schema – as well as the related User Guide.

The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to share financial account information automatically with other countries.

Paraguay has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 134th member.

Today, as a further step to implement the OECD Common Reporting Standard (CRS), the first series of bilateral automatic exchange relationships were established among the first batch of jurisdictions committed to exchanging information automatically as of 2017.

This paper explores the practical challenges tax policy analysts face when trying to apply differential taxation to “normal” and “excess” returns. The distinction between these two elements is being increasingly used in tax policy. The problem is that there is no clear definition for a “normal” return.

Today, another important step to implement the OECD Common Reporting Standard (CRS) was taken, with a further 350 bilateral automatic exchange relationships being established between over 50 jurisdictions committed to exchanging information automatically pursuant to the OECD Common Reporting Standard (CRS), starting in 2017.

Thailand's membership reinforces its commitment to implement both the international standard of exchange of information on request and the standard of automatic exchange of financial account information.

To further support the consistent implementation of the Common Reporting Standard (CRS), the OECD today released a series of additional CRS-related Frequently Asked Questions; and the second edition of the Standard for Automatic Exchange of Financial Account Information in Tax Matters.

Today, another important step was taken to implement Country-by-Country Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports.

As part of its ongoing efforts to maintain the integrity of the Common Reporting Standard (CRS), the OECD is today launching a disclosure facility on the AEOI portal which allows interested parties to report potential schemes to circumvent the CRS.Over 1800 bilateral exchange relationships in place for the exchange of CRS information.

At present, 102 jurisdictions have publicly committed to implement the Common Reporting Standard, with 49 being committed to start exchanges this month and a further 53 taking up exchanges in September 2018.

Today, the OECD has released updated and new IT-tools and guidance to support the technical implementation of the exchange of tax information under the Common Reporting Standard (CRS), on Country-by-Country Reporting (CbC) and in relation to tax rulings (ETR).

Tax administrations are playing a critical role as governments start implementing new international measures to counter offshore evasion and combat tax avoidance by multinational enterprises.

The Forum on Tax Administration (FTA) is the leading international body concerned with tax administration. The FTA, which brings together Tax Commissioners from 50 advanced and emerging tax administrations (including OECD and G20 countries), held its Plenary meeting in Oslo on 27-29 September.

Today, a further step was taken to implement Country-by-Country Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA").

As part of continuing efforts to improve tax transparency and the international tax framework, the OECD has released the first analysis of individual countries' progress in spontaneously exchanging information on tax rulings in accordance with Action 5 of the BEPS package of measures released in October 2015.

The Common Reporting Standard (CRS), which is the basis for the automatic annual exchange of information on offshore financial accounts to the tax authorities of the residence country of account holders. At present, over 100 jurisdictions have publicly committed to implement the CRS, with half of them having started the exchange of CRS information in September and a further 53 set to follow in 2018.

Today, a further important step was taken to implement Country-by-Country (CbC) Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA").

Today, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA) which for the first time includes activations by Panama. The OECD also released the second edition of the Common Reporting Standard Implementation Handbook.

Building on BEPS Action 4, this practice note has been prepared by the OECD under a programme of co-operation with the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF), to help guide tax officials on how to strengthen their defences against BEPS. Deadline for comment: 18 May 2018.

Today, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA), bringing the total number of relationships to over 3200, an increase of more than 500 since April of this year.

Global cooperation to fight tax evasion and avoidance has grown rapidly over the past few years. Tax Transparency and Exchange of Information between tax authorities about financial assets and activities of their taxpayers abroad has proved to be a valuable tool in this fight.

The Global Forum held its annual meeting in Uruguay on 20-22 November, bringing together 220 delegates from 84 jurisdictions and 12 International organisations to strengthen further the international community’s fight against tax evasion. The meeting marked the widespread rollout of automatic exchange of financial account of information.

The purpose of the CbC MCAA is to set forth rules and procedures as may be necessary for Competent Authorities of jurisdictions implementing BEPS Action 13 to automatically exchange CbC Reports prepared by the Reporting Entity of an MNE Group and filed on an annual basis with the tax authorities of the jurisdiction of tax residence of that entity with the tax authorities of all jurisdictions in which the MNE Group operates.

In order to support the automatic exchange of information collected under the OECD’s Model Mandatory Disclosure Rules on Common Reporting Standard (CRS) Avoidance Arrangements and Opaque Offshore Structures (MDRs), the OECD has today released the international administrative and operational framework for the exchange of information collected under the MDRs.

The Global Forum Secretariat is assisting Morocco in preparing for its second round of peer review aimed at assessing its compliance with the international standard of exchange of information on request.

As part of BEPS Action 5 to curb harmful tax practices, jurisdictions may only maintain preferential regimes if certain "substantial activities" requirements are met. In order to ensure a level playing field, these requirements must also apply to jurisdictions with zero or only nominal tax rates.

Today marks an important milestone for the OECD/UNDP Tax Inspectors Without Borders initiative (TIWB) with the launch of a project on automatic exchange of information. The project, which will be co-ordinated with the Global Forum on Transparency and Exchange of Information for Tax Purposes, was unveiled during its 10th Anniversary Meeting in Paris, France.

Today, the OECD released IT-formats and guidance to support the technical implementation of the OECD Treaty Relief and Compliance Enhancement (TRACE) initiative, as well as to facilitate the wider use of the OECD Common Transmission System (CTS) for the exchange of information between tax administrations.

The Global Forum and the Italian Revenue Agency carried out an onsite visit in Tirana to assist Albania with the implementation of the international standard of automatic exchange of financial account information (AEOI).

Comprised of 34 Global Forum members, the Automatic Exchange of Information Peer Review Group (APRG) held its first meeting on 16-18 March 2020 to discuss key issues in ensuring that jurisdictions are putting in place what is required to deliver an effective AEOI Standard, as well as how the recent developments in relation to Covid-19 might impact expectations.

Imports (Bop) - Plastic&Rubber Basic Products (Except Resins) in Canada increased to 367.10 CAD Million in March from 338.50 CAD Million in February of 2020. Imports (Bop) - Plastic&Rubber Basic Products (Exc in Canada averaged 291.79 CAD Million from 1988 until 2020, reaching an all time high of 431.50 CAD Million in January of 2016 and a record low of 113.10 CAD Million in July of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Plastic&rubber Basic Products.

Imports - Coal & Other Fuels Except Gas (Census Basis) in the United States decreased to 144.06 USD Million in March from 149.31 USD Million in February of 2020. Imports - Coal & Other Fuels Except Gas (Census Ba in the United States averaged 140.99 USD Million from 1989 until 2020, reaching an all time high of 598.95 USD Million in August of 2008 and a record low of 18.71 USD Million in April of 1990. This page includes a chart with historical data for the United States Imports of Coal & Other Fuels Except Gas.

Foreign Exchange Reserves in Burundi increased to 213443.90 BIF Million in December from 100921.20 BIF Million in November of 2019. Foreign Exchange Reserves in Burundi averaged 303116.15 BIF Million from 2011 until 2019, reaching an all time high of 542621 BIF Million in February of 2013 and a record low of 75870.10 BIF Million in December of 2015. In Burundi, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides the latest reported value for - Burundi Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.