Global Forum on Transparency and Exchange of Information for Tax Purposes
International body focused on anti-tax evasion and exchange of information
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| 2025 | Countries like Armenia, Morocco, Rwanda committed to the Common Reporting Standard |
| 2024 | Countries like Georgia, Kenya, Moldova, Tunisia, Ukraine committed to the Common Reporting Standard |
| 2023 | Countries like Jordan, Montenegro, Thailand, Uganda committed to the Common Reporting Standard |
| 2022 | Countries like Jamaica and Maldives committed to the Common Reporting Standard |
| 2022 | The OECD agreed the Crypto-Assets Reporting Framework for exchanging information on cryptocurrency and digital asset transactions. |
| 2021 | Countries like Albania, Ecuador, Kazakhstan committed to the Common Reporting Standard |
| 2021 | The OECD agreed an International Exchange Framework for information held by Digital Platforms, requiring reporting on sellers in various service sectors. |
| 2020 | Countries like Nigeria, Oman, and Peru committed to the Common Reporting Standard |
| 2019 | 102 jurisdictions committed to undertake exchanges under the AEOI Standard, continuing the global transparency initiative in financial information sharing. |
| November 2019 | The Forum further expanded to 158 total members. |
| 2018 | Second wave of countries committed to the Common Reporting Standard, including Andorra, Antigua and Barbuda, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Barbados, Belize, Brazil, Brunei Darussalam, Canada, Chile, China, Cook Islands, Costa Rica, Curaçao, Dominica, Greenland, Grenada, Hong Kong, Indonesia, Israel, Jamaica, Japan, Lebanon, Macau, Malaysia, Marshall Islands, Mauritius, Monaco, Nauru, New Zealand, Niue, Pakistan, Panama, Qatar, Russian Federation, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Saudi Arabia, Singapore, Sint Maarten, Switzerland, Trinidad and Tobago, Turkey, United Arab Emirates, Uruguay, Vanuatu |
| 2018 | Global Forum on Transparency and Exchange of Information for Tax Purposes conducted a comprehensive Combined review of compliance ratings for multiple countries, assessing their legal and regulatory frameworks and implementation of tax information exchange standards. |
| 2018 | The OECD published Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures, requiring intermediaries to report ways to circumvent CRS reporting. |
| 2018 | 93 jurisdictions successfully exchanged financial information under the AEOI Standard. |
| 2017 | First wave of countries committed to the Common Reporting Standard, including Albania, Belgium, Bermuda, British Virgin Islands, Bulgaria, Cayman Islands, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, India, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Montserrat, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Seychelles, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Turks and Caicos Islands, United Kingdom |
| 2017 | The Global Forum launched automatic information exchanges under the AEOI Standard, with 100 jurisdictions committed to implementing the new standard. |
| November 2015 | The Forum reached 128 member tax jurisdictions, including the European Union. |
| November 2015 | More than 90 members committed to implement Automatic Exchange of Information, with the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA) specifying the details of information exchange. |
| July 2014 | The Forum published standards for Automatic Exchange of Financial Account Information, known as the Common Reporting Standard (CRS). |
| 2013 | A working group was formed to promote the automated exchange of tax information. |
| 2010 | The 1988 Convention on Mutual Administrative Assistance in Tax Matters was amended to include automated exchange of tax information, expanding its scope to developing countries. |
| March 2010 | The U.S. Congress passed the Foreign Account Tax Compliance Act (FATCA), which requires foreign financial firms to disclose their American clients. |
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