Over 300 delegates join global tax meeting in Tbilisi

The Netherlands was Georgia's largest investor in 2014, with $331 million USD. Photo by N. Alavidze / Agenda.ge.
Agenda.ge, 21 Sep 2016 - 16:00, Tbilisi,Georgia

Georgia’s capital Tbilisi is preparing to host hundreds of top officials at a special meeting in November to discuss tax-related risks and exchange information for tax purposes.

The Annual Plenary Session of the Global Forum on Transparency and Exchange of Information for Tax Purposes of the Organisation of Economic Cooperation and Development (OECD) will take place in Tbilisi on November 1-4, 2016.

About 300 delegates from member states of the Global Forum and officials of ten international organisations will participate in the Plenary Session, which is a keynote policy event now to be hosted by Georgia.

Georgia’s Finance Ministry announced a special Governmental Commission, chaired by Minister Nodar Khaduri, had been created to ensure superior quality planning and hosting of the event.

At the second meeting of the Government Commission Georgian authorities discussed the details of the preparation process for hosting the Global Forum. Photo by Georgia's Ministry of Finance.  

The Government Commission had its first meeting on August 11 this year, while the second meeting was held yesterday, where details of the preparation process was discussed.

The Global Forum now has 135 members on equal footing and is the premier international body for ensuring the implementation of internationally agreed standards of transparency and exchange of information in the tax area.

Through an in-depth peer review process, the restructured Global Forum monitors that its members fully implement the standard of transparency and exchange of information they have committed to implement. It also works to establish a level playing field, even among countries that have not joined the Global Forum,” said OECD.

The previous Annual Plenary Session of OECD was held in Barbados in 2015. The event has also been hosted in Johannesburg, Paris and Mexico.