The Era of Exchange of Information and Fiscal Transparency: The Use of Soft Law Instruments and the Enhancement of Good Governance in Tax Matters

This article provides an overview of issues regarding the use of tax havens; discusses the current emphasis on the cooperative nature of jurisdictions; analyses the international standard on transparency and exchange of information; describes the Peer Review Process of the Global Forum; defines the role of soft law instruments in targeting uncooperative jurisdictions; and addresses the issue of good governance in tax matters, including international initiatives aimed at developing the principles of good tax governance.