In 2006, the Global Forum on Taxation, which includes both OECD and Non-OECD economies, launched an annual assessment of transparency and tax information exchange policies covering 82 economies. This update report highlights changes made over the last year in the domestic laws and regulations of the 82 economies The report sets out in a series of tables - on a country by country basis - information on laws and agreements permitting exchange of information for tax purposes; access to bank information for tax purposes; access to ownership, identity and accounting information; and availability of ownership, identity and accounting information relating to companies, trusts, partnerships and foundations.
Table of contents:
I. Introduction II. Update on Progress -A. Exchanging Information --1. Existence of Mechanisms for Exchange of Information Upon Request --2. Scope of Information Exchange --3. Dual Criminality and Domestic Tax Interest -B. Access to Bank Information --1. Bank Secrecy Rules --2. Access to Bank Information for Tax Purposes --3. Specificity Required and Powers to Obtain and Compel Information in the Case of Refusal to Cooperate -C. Access to Ownership, Identity and Accounting Information --1. Information Gathering Powers --2. Specific Secrecy Provisions --3. Bearer Securities -D. Availability of Ownership, Identity and Accounting Information --1. Ownership Information --2. Accounting Information III. Outcomes of Review Annex I: Countries Covered by Factual Assessment and Included in the Tables Annex II: Progress Towards a Level Playing Field:Outcomes of the OECD Global Forum on Taxation Melbourne, 15-16 November 2005 Annex III: Country Tables -A. Exchanging Information --Table A.1. Number of Double Taxation Conventions and Tax Information Exchange Agreements --Table A.2 Summary of Domestic Laws That Permit Information Exchange in Tax Matters --Table A.3 DTCs and TIEAs Providing for Information Exchange upon Request --Table A4 Summary of Mechanisms That Permit Information Exchange in Tax Matters --Table A.5 Application of Dual Criminality Principle -B. Access to Bank Information --Table B.1 Bank Secrecy --Table B.2 Access to Bank Information for Exchange of Information Purposes --Table B.3 Procedures to obtain bank information for exchange of information purposes -C. Access to Ownership, Identity and Accounting Information --Table C.1 Information Gathering Powers --Table C.2 Statutory Confidentiality or Secrecy Provisions --Table C.3 Bearer Securities -D. Availability of Ownership, Identity and Accounting Information --Table D.1 Ownership Information-Companies --Table D.2 Trusts Laws --Table D.3 Identity Information-Trusts --Table D.4 Identity Information-Partnerships --Table D.5 Identity Information-Foundations --Table D.6 Accounting Information-Companies --Table D.7 Accounting Information-Trusts --Table D.8 Accounting Information-Partnerships --Table D.9 Accounting Information-Foundations