The OECD asked 26 countries to improve their facilitation of tax rulings that help tax authorities in risk assessments and counter base erosion and profit shifting concerns, according to a new report.
The body issued 46 total recommendations to the countries, while 113 other countries met all of the requirements of the OECD minimum standard on the compulsory spontaneous exchange of information on tax rulings, the organization said Wednesday.
The reviews cover the steps jurisdictions took to implement the transparency framework during the calendar year 2024.
Countries shared details on tax rulings for taxpayers covering issues ...