THREE more tax jurisdictions - Guinea, Namibia and Honduras - have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 155th, 156th and 157th members. By joining the Global Forum they are announcing their commitment to implement both the international standard of exchange of information on request and the standard on automatic exchange of financial account information.

This move affirms their participation, with the rest of the international community, in the improving international tax transparency and the fight against international tax evasion and avoidance.

The Global Forum's aim is to ensure that all jurisdictions adhere to the same high standard of international co-operation in tax matters. This is done through a robust monitoring and peer review process, in which Guinea, Namibia and Honduras will participate, as well as by providing technical assistance to member countries. The Global Forum Secretariat will work with Guinea, Namibia and Honduras to help them implement the standard of exchange of information on request and ensure they can participate in automatic exchange of information as soon as practicable.