Today, the Organisation for Economic Co-operation and Development's Global Forum on Transparency and Exchange of Information for Tax Purposes ("The Global Forum") published the ratings assigned to several States, including Monaco. This publication is part of the OECD's new Peer Review procedure to assess jurisdictions' conformity with the international standard on the exchange of information on request, and, in particular, the new regulations implemented in 2016.
As concerns Monaco's assessment, the OECD's Peer Group evaluators proposed an overall rating of "Compliant" at a meeting held in Paris from 26 February to 1 March 2018.
This assessment follows on from a process that has lasted several years, during which the Global Forum examined the legal and regulatory framework for the exchange of information (Phase 1), as well as the practices and procedures in force in this regard (Phase 2).
