OECD Says Three Nations Need Tax Transparency Improvement

Honduras, Madagascar, and Mongolia need to improve their compliance with the Organization for Economic Cooperation and Development’s standards on tax transparency and information sharing, according to new peer reviews from a forum at the Organization for Economic Cooperation and Development.

• Honduras doesn’t provide for the availability of beneficial-ownership information, and Mongolia has gaps in that availability, the OECD Global Forum on Transparency and Exchange of Information said in peer-review reports issued Friday.
• Madagascar needs to improve the transparency of its information on bearer shares and the availability of banking information, the Global Forum said.
• Two other jurisdictions, Oman and Trinidad ...