G20 Releases Communique requiring the OECD by July 2016 to establish objective criteria to identify non-cooperative jurisdictions with respect to tax transparency

On April 14, 2016 at the meeting of the Finance Ministers and Central bank Governors of the G20, a 12 point communique was released along with a 9 point Annex and a 9 point "issues of further action". One of the twelve points addressed global initiatives to promote tax transparency, including the G20 requirement that the OECD establish objective criteria to identify non-cooperative jurisdictions with respect to tax transparency by its July 2016 meeting.