Minister Donohoe welcomes Ireland’s achievement of the highest international rating on tax transparency

22nd August, 2017

The OECD’s Global Forum has awarded Ireland the highest international rating on tax transparency and exchange of information.

The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes is a multilateral framework for tax transparency and information sharing, within which over 140 jurisdictions participate on an equal footing.

The OECD’s Global Forum has published the first ten outcomes of a new and enhanced peer review process.  Three jurisdictions – Ireland, Mauritius and Norway – received the highest possible overall rating of “Compliant.” Six others – Australia, Bermuda, Canada, Cayman Islands, Germany and Qatar were rated “Largely Compliant.” Jamaica was rated “Partially Compliant.”

The Minister for Finance and Public Expenditure & Reform, Mr Paschal Donohoe T.D., welcomed the rating. The Minister said:

“I welcome the decision by the OECD’s Global Forum to award Ireland its highest rating on tax transparency and exchange of information.  The outcome of the Global Forum’s review is recognition of Ireland’s continued commitment to the highest international standards in tax transparency.  Ireland continues to play an active role in global work to reform the international corporate tax system.”

ENDS