EXCLUSIVE: Why tax justice campaigners and the OECD are not seeing eye to eye
14 March 2012
Salman Shaheen - ITR
A report from the Tax Justice Network (TJN) has piled criticism on the OECD’s methods of tackling tax haven secrecy. It has drawn the ire of the organisation’s head of tax, Pascal Saint-Amans, and deepened a growing divide between the two camps on how best to stamp out avoidance.
The OECD launched the Global
Forum on Transparency and Exchange of Information for Tax
Purposes to promote cooperation and information exchange
between tax authorities around the world. With 108 countries
involved, it has expanded far beyond its OECD origins and its
peer review process, assessing the effectiveness of tax
information exchange agreements (TIEAs), is seen as the world's
most prominent effort to tackle financial secrecy and tax
The arguments put forward by the
TJN in their report, entitled
Creeping Futility of the Global Forum's Peer Reviews,
however, seeks to challenge the OECD's dominance over
international standards on tax transparency.
While the TJN praise the forum's work for highlighting
"rampant and notorious tax haven abuse", implementing some
legal changes, giving tax investigators better access to
evidence of known cases, increasing the accuracy of information
from what was previously available and providing new
information about sanctions and enforcement...
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