Jurisdictions have delivered on their commitment to comply with the standard on harmful tax practices, according to the OECD’s report entitled ‘Harmful Tax Practices- 2018 Progress Report on Preferential Regimes’.

These improvements include ensuring that preferential regimes align taxation with substance.

The assessment of preferential tax regimes is part of ongoing implementation of Action 5 under the OECD/G20 BEPS Project, and is conducted by the Forum on Harmful Tax Practices (FHTP), comprising more than 120 member jurisdictions of the Inclusive Framework. 

The latest assessment by the FHTP has y...