Global Forum on Transparency and Exchange of Information for Tax Purposes

The Global Forum on Transparency and Exchange of Information for Tax Purposes is an international organization that promotes cooperation among countries to ensure tax systems are fair and transparent. Its main goal is to prevent tax evasion by encouraging governments to share financial information about individuals and businesses across borders. This helps authorities detect and address illicit financial activities, ensuring everyone pays their fair share of taxes. The forum sets global standards, reviews countries’ compliance, and fosters cooperation, contributing to a more just and stable international tax system.