Panama Papers

=== International banking ===
{{See also|Foreign Account Tax Compliance Act|Organisation for Economic Co-operation and Development|Common Reporting Standard}}

"This issue will surely be raised at the G20 summit," predicted Tomasz Kozlowski, Ambassador of the [[European Union]] (EU) to India. "We need to strengthen international cooperation for exchange of tax information between tax authorities".<ref>
{{cite news |url=http://indianexpress.com/article/india/india-news-india/panama-papers-tax-avoidance-issue-to-be-taken-up-at-g20-leaders-summit |access-date=April 18, 2016 |newspaper=Indian Express |title=Panama Papers: Tax avoidance issue to be taken up at G20 Leaders' Summit |date=April 14, 2016 |url-status=live |archive-url=https://web.archive.org/web/20160418023052/http://indianexpress.com/article/india/india-news-india/panama-papers-tax-avoidance-issue-to-be-taken-up-at-g20-leaders-summit/ |archive-date=April 18, 2016 }}
</ref>

Panama, [[Vanuatu]] and Lebanon may find themselves on a list of uncooperative tax havens that the [[Organisation for Economic Co-operation and Development]] (OECD) re-activated in July 2016 at the request of [[G20]] nations, warned ''[[Le Monde]]'', a French newspaper that participated in the investigation. Those three countries followed none of the OECD's three broad guidelines for international banking cooperation:<ref name=list>{{cite news |url=http://www.lemonde.fr/panama-papers/article/2016/04/16/panama-papers-panama-vanuatu-et-liban-sont-menaces-de-figurer-sur-la-liste-noire-des-paradis-fiscaux_4903528_4890278.html |title=Panama papers: Panama, Vanuatu et Liban sont menacés de figurer sur la liste noire des paradis fiscaux |trans-title=Panama Papers: Panama, Vanuatu and Lebanon at risk of appearing on tax haven blacklist |language=fr |author1=Anne Michel |author2=Maxime Vaudano |date=April 16, 2016 |access-date=April 18, 2016 |newspaper=Le Monde |archive-url=https://web.archive.org/web/20160417101213/http://www.lemonde.fr/panama-papers/article/2016/04/16/panama-papers-panama-vanuatu-et-liban-sont-menaces-de-figurer-sur-la-liste-noire-des-paradis-fiscaux_4903528_4890278.html |archive-date=April 17, 2016 |url-status=live }}</ref>
* information exchange on request
* a signed multilateral agreement on information standards
* a commitment to implement automated information exchange in 2017 or 2018<ref name=list />

The [[OECD]], the [[G20]], or the [[European Union]] could also institute another list for countries that are inadequate in more than one area. Countries meeting none of these criteria, such as Panama, Vanuatu and Lebanon, would go on the blacklist. Countries that meet only one criterion would go on the greylist.<ref name=list /> In April 2016, if this greylist had been in place it would have included nine countries: [[Antigua and Barbuda]], [[Bahrain]], [[Brunei]], [[Dominica]], [[Liberia]], [[Nauru]], [[Samoa]], [[Tobago]] and the [[United Arab Emirates]].<ref name=list />