Friday 25 June 2021

Fiscal Transparency “Half Finished”

201508092250471.MaMNotacolonQCOSTARICA – The OECD has given an overall grade of “largely fulfilled” but noted that there is no consolidated record to document all of the trusts created and the funds managed using this process.

From a statement issued by the Ministry of Finance in Costa Rica:

“Partially met” is the description given by the Organization for Economic Cooperation and Development (OECD) of work undertaken by the country to meet international standards set by the Organization on transparency and exchange of tax information.

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This rating was issued on October 30 in a report on Phase 2 of Peers relating to transparency. Among the advances that OECD found were access to financial information for the purpose of exchanging information with other governments on tax matters, because financial information is available for everyone who has a bank account.

Read Online: Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Costa Rica 2015

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