Romania has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 118th member of the Global Forum, it will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters.
“We are delighted to welcome Romania as a new Global Forum member”, said OECD Secretary-General Angel Gurría “Romania will now be among the jurisdictions that are directly involved in the international effort to make tax systems worldwide transparent and fair to all, and I look forward to strengthening our mutual cooperation in this important field.”
The Global Forum’s aim is to ensure that all jurisdictions adhere to the same high standard of international cooperation in tax matters and governments come together to fight and prevent tax evasion. Membership of the Global Forum keeps growing - a clear indication of the value of its work to countries worldwide.
Consistently supported by G-20 leaders, since 2010 the Global Forum has published 88 peer review reports containing 616 recommendations to help jurisdictions improve their cooperation in tax matters. As a result, more than half of the countries reviewed have already introduced or proposed changes to their laws.
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