Jordan joins the Global Forum on Tax Transparency and the Inclusive Framework on BEPS
29/10/2019 - Jordan joins the international fight against tax evasion by becoming the 158th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
Jordan, like all other Global Forum members, will participate on an equal footing, and is committed to combatting tax evasion through implementing the internationally agreed standards of transparency and exchange of information for tax purposes-both exchange of information on request and automatic exchange of information. Members of the Global Forum include all G20 countries, all OECD members, all international financial centres and a very large number of developing countries.
The Global Forum is the world’s leading multilateral body mandated to ensure that all jurisdictions adhere to the same high standard of international co-operation in tax matters. This is done through a robust monitoring and peer review process which Jordan will also be subject to. The Global Forum also has an extensive technical assistance programme to provide support to its members to implement the standards and quickly use the tools available to tax administrations to fight cross-border tax evasion.
The Inclusive Framework on BEPS also welcomes Jordan as its newest member, bringing to 135 the total number of countries and jurisdictions participating on an equal footing in the Project. By joining, Jordan will be collaborating with all other members of the OECD/G20 Inclusive Framework on BEPS on the implementation of 15 measures to tackle tax avoidance, improve the coherence of international tax rules and ensure a more transparent tax environment.
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