OECD: Taking Stock of Progress on Transparency and Exchange of Information for Tax Purposes
SDG 16: Peace, Justice & Strong Institutions
Institutions: Ministry of Finance
The report assesses global progress since the G20’s inception in strengthening tax transparency through implementation of two key standards: Exchange of Information on Request (EOIR) and the Common Reporting Standard (CRS), complemented by emerging commitments to the Crypto-Asset Reporting Framework (CARF).
172 jurisdictions participate in the Global Forum, with 112 exchanging CRS data and 69 committed to CARF by 2027–28. Effectiveness is high: 89% of reviewed jurisdictions are “Compliant” or “Largely Compliant” with EOIR, and 95% have CRS legal frameworks “In Place” or needing improvement. In 2024 alone, tax authorities issued requests concerning 32,000 taxpayers, and over 171 million financial accounts - worth nearly EUR 13 trillion in assets - were exchanged automatically.
Since 2009, enhanced transparency has generated at least EUR 135 billion in additional revenue and significantly boosted compliance, evidenced by a 24% reduction in offshore bank deposits by 2019. While implementation is broadly successful, the report calls for further work addressing emerging challenges like crypto-assets, strengthening confidentiality safeguards, and extending transparency to new asset classes.
Follow the full report here: