Taxing questions

OECD Observer

Representatives of 40 countries agreed to work intensively to make progress towards achieving a level playing field at the global level on taxation issues, during a meeting of the OECD Global Forum on Taxation in Ottawa in October.

Most participants also reaffirmed their commitment to the exchange of information on tax issues and agreed they needed to continue discussions to establish bilateral mechanisms for it to be effective.

A level playing field at the global level when it comes to taxation is essentially a question of fairness, participants agreed. More progress is needed, particularly in finding ways to involve significant financial centres that are not as yet participating in the Global Forum process. A small group of participants will be set up to develop proposals for the Global Forum to move forward with this work, and report back in April 2004.

©OECD Observer No 240/241, December 2003

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