The reports on Hungary, the Philippines, Singapore and Switzerland focus on the legal framework for transparency and exchange of tax information while the reports for the Isle of Man, Italy, France, New Zealand and the United States cover the exchange of information in practice.

The most common deficiencies identified in the reports relate to the lack of available information on persons represented by nominees and on foreign companies, incomplete accounting information for some forms of limited liability companies and partnerships, and slow responses by requested countries.

The report noted that the Isle of Man has a positive relationship with its information exchange partners but recommends improvements regarding the availability of accounting information for limited partnerships and notes that the Isle of Man authorities should clarify with partners its practice of disclosing information to other enforcement agencies.

In the case of Switzerland, the report notes that it still falls short of the standard in few areas while it recommends that Italy and France should improve its response times to information requests.

The legal and regulatory framework for the exchange of information in the United States is in place, though some improvement is needed with respect to ownership and accounting information for some limited liability companies with single foreign owners according to the report.

Details are available at http://www.oecd.org/document/18/0,3746,en_2649_37427_48099730_1_1_1_37427,00.html