The OECD has rated Cambodia, El Salvador, Vanuatu, and Belize as largely compliant with its tax transparency and information exchange standards, according to peer review reports published Wednesday.
Gabon was found noncompliant, while Guinea, Niue, and Montserrat require improvements, the Organization for Economic Cooperation and Development’s in-depth peer reviews said.
The OECD standards require tax authorities to have access to relevant information, including legal and beneficial ownership details of companies, assets, and accounts, to support cross-border information exchange.
Vanuatu and Belize were upgraded from partially compliant as they strengthened their legal and regulatory frameworks, OECD’s reports said. ...