The OECD announced today that Panama has become the 105th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. This it did by signing the [Multilateral Convention on Mutual Administrative Assistance in Tax Matters](

During the signing ceremony today, OECD Secretary-General Angel Gurría said *”Panama’s decision to sign the multilateral Convention is a confirmation of its commitment to take the necessary steps to meet international expectations in the fight against tax evasion.”* He added, *”It also sends a clear signal that the international community is united in its efforts to stamp out offshore tax evasion. We will continue our efforts until there is nowhere left to hide.”*

[OECD Release](

[Jurisdictions Participating in the Convention on Mutual Administrative Assistance in Tax Matters (Oct 27 2016)](

**Global Forum**

Also announced was that the [Global Forum on Transparency and Exchange of Information for Tax Purposes]( is expected to publish in early November a peer review assessment of how Panama’s legal framework and practices over the last three years match up against existing international standards of transparency and exchange of information on request.