The Organisation for Economic Co-operation and Development today published Tax Co-operation: Towards a Level Playing Field – 2006 Assessment by the Global Forum on Taxation:
In today’s increasingly borderless world, countries are working more closely together to prevent abuses of the global financial system in a wide range of areas, including taxation. The Global Forum on Taxation, which consists of OECD and non-OECD economies, seeks to improve transparency and to establish effective exchange of information so that countries can ensure compliance with their national tax laws. The Global Forum is working towards a level playing field in these areas so that activities do not simply migrate from countries that engage in effective exchange of information to those that do not. In working towards a level playing field, the Global Forum seeks to ensure the implementation of high standards of transparency and information exchange in a way that is fair, equitable and permits fair competition between all countries, large and small, OECD and non-OECD.
The prior OECD report on this issue was released in 2000: Towards Global Tax Co-operation: Progress in Identifying and Eliminating Harmful Tax Practices.
