Global Forum Compliance
The Global Forum on Transparency and Exchange of Information for Tax Purposes reviews and issues reports on compliance of its member tax jurisdictions. The Global Forum's peer review process examines both the legal and regulatory aspects of exchange (Phase 1 reviews) and the exchange of information in practice (Phase 2).
As of November 2011 the phase 1 or combined (phases 1&2) reviews of 59 jurisdictions are completed. The final phase 2 review is expected to be finalized in the first half of 2014.
Of the completed reviews the following jurisdictions aren't ready for phase 2: Antigua and Barbuda, Barbados, Brunei, Botswana, Liechtenstein, Panama, Seychelles, Switzerland, Trinidad and Tobago, Uruguay and Vanuatu.
Read more about this topic: FATF Blacklist
Famous quotes containing the words global, forum and/or compliance:
“As the global expansion of Indian and Chinese restaurants suggests, xenophobia is directed against foreign people, not foreign cultural imports.”
—Eric J. Hobsbawm (b. 1917)
“What is called eloquence in the forum is commonly found to be rhetoric in the study. The orator yields to the inspiration of a transient occasion, and speaks to the mob before him, to those who can hear him; but the writer, whose more equable life is his occasion, and who would be distracted by the event and the crowd which inspire the orator, speaks to the intellect and heart of mankind, to all in any age who can understand him.”
—Henry David Thoreau (1817–1862)
“Discipline isn’t just punishing, forcing compliance or stamping out bad behavior. Rather, discipline has to do with teaching proper deportment, caring about others, controlling oneself and putting someone else’s wishes before one’s own when the occasion calls for it.”
—Lawrence Balter (20th century)