This November 21 to 22, 2013, the CIAT Executive Secretary Mr. Marcio Verdi participated to the Sixth Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which took place in Jakarta, Indonesia.

The Global Forum brings together 121 countries and jurisdictions for wide-ranging discussions on transparency and exchange of information. Its sixth meeting attracted more than 200 delegates from 86 member jurisdictions and 11 international organizations. During the Jakarta meeting, six new countries became members: Azerbaijan, Dominican Republic, Lesotho, Romania, Senegal and Ukraine.

The following measures were adopted during this meeting

Actions taken include:

• Publication of new compliance ratings for 50 countries and jurisdictions on practical implementation of the Global Forum’s information exchange standard. Eighteen jurisdictions are rated Compliant, 26 jurisdictions are rated Largely Compliant , two jurisdictions are rated Partially Compliant and four jurisdictions are rated Non-Compliant . Fourteen additional jurisdictions were not given compliance ratings, pending further improvements to their legal and regulatory frameworks for exchange of information in tax matters.
• Establishment of a new Automatic Exchange of Information (AEOI) Group, open to all interested countries and jurisdictions, to prepare the move towards AEOI implementation. Italy was elected chair of this group.
• Agreement for further work aimed at strengthening the definition of beneficial ownership and the availability of this type of information.
• Agreement that the Forum continue monitoring implementation of the transparency and information exchange standard, while further developing its Terms of Reference and review processes.

The Global Forum will enhance its technical assistance work to address the needs of all its members and will host the third meeting of the Competent Authorities in October 2014.

Source: OECD note