Information on 47 million offshore accounts, valued at EUR 4.9 trillion, has been exchanged for the first time, according to a report by the OECD.

In its report to the latest G20 leaders meeting in Osaka, Japan, OECD Secretary-General Angel Gurria updated member states on the G20 International Taxation agenda, including tax transparency, base erosion and profit shifting (BEPS), and tax digitalisation.

Additionally, the report highlighted that exchange of information agreements have increased from 40 in 2008 to over 4,500 in force in 2018, with 90 jurisdictions implementing Common Reporting Standard (CRS).

The ...