The OECD has issued a release on progress made in tax transparency by no or only nominal tax jurisdictions. --- Tax transparency moves forward as no or only nominal tax jurisdictions first exchange information on the substance of entities 31/03/2021 – Twelve no or only nominal tax jurisdictions began their first tax information exchanges today under the Forum on Harmful Tax Practice's (FHTP) global standard on substantial activities. The standard ensures that mobile business income can no longer be parked in a low tax jurisdiction without the core business functions being carried out from that jurisdiction and that the countries...