Global Forum on Transparency and Exchange of Information for Tax Purposes

A global forum is like a big meeting place for countries from around the world. They get together to discuss how to make sure everyone pays their fair share of taxes. That means that countries agree on how to share financial information about what people own and earn money from so each country can double-check that everyone is being fair. This makes it harder for people to hide their money in different countries or try to pay less taxes than they're supposed to.