OECD: Report on harmful tax practices, 18 jurisdictions in compliance with BEPS Action 5

OECD: Report on harmful tax practices, 18 jurisdictions

The Organisation for Economic Cooperation and Development (OECD) today released a report of the 2020 reviews by the OECD Forum on Harmful Tax Practices.


According to today’s OECD release, since the launch of the base erosion and profit shifting (BEPS) project, 295 tax regimes of 80 jurisdictions have been reviewed. This year’s review revealed there were significant legislative changes regarding 44 of the 49 regimes reviewed, with 37 having been redesigned or repealed.

  • Seven regimes are pending being amended.
  • Five regimes were found not to currently pose BEPS risks.

As a result, the tax regimes of the following 18 jurisdictions are now found to be in line with the BEPS Action 5 minimum standard:



Cook Islands



Dominican Republic


Hong Kong (China)





North Macedonia


Saint Kitts and Nevis

San Marino



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