The outcome of the 2020 reviews by OECD Forum on Harmful Tax Practices (FHTP) shows evidence of jurisdictions making progress in countering harmful tax practices, as contemplated in the BEPS Action 5 Minimum Standard, according to the OECD. The 2020 reviews resulted in significant legislative changes to 44 of the 49 reviewed regimes, with 37 having been redesigned or abolished and a further 7 being currently in the process of being amended.
The outcome of the 2020 reviews by OECD Forum on Harmful Tax Practices (FHTP) shows evidence of jurisdictions making progress in countering harmful tax practices, as contemplated in the BEPS Action 5 Minimum Standard, according to the OECD. The 2020 reviews resulted in significant legislative changes to 44 of the 49 reviewed regimes, with 37 having been redesigned or abolished and a further 7 being currently in the process of being amended.
