OECD Trumpets Results of Work of Global Forum on its 10th Anniversary Meeting

At the Tenth Anniversary Meeting[1] on November 26 and 27, 2019,  the OECD trumpeted the achievements of the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes (“the Global Forum”) in Paris.  The meeting brought together more than 500 delegates from 131 member jurisdictions for discussions on efforts to advance the tax transparency agenda. According to the information in the Global Forum’s tenth anniversary report,[2] the work of the Global Forum has produced thousands of bilateral exchange relationships, enabling more than 250,000 information exchange requests over the past decade.  In 2018, nearly 100 member jurisdictions automatically exchanged information on 47 million financial accounts, covering total assets of $4.9 trillion.  Since 2009, more than €100 billion in additional tax revenue has been obtained.