No or only nominal tax jurisdictions carry out first annual information exchanges

On 31 March 2021, the OECD has announced that 12 “no or only nominal tax” jurisdictions have begun exchanging information under the "substantial activities" standard in relation to BEPS action 5 (Countering Harmful Tax Practices More Effectively, Taking into Account Transparency and Substance). These jurisdictions include Anguilla, Bahamas, Bahrain, Barbados,…