Last week, the OECD released the latest peer review assessments for 131 jurisdictions in relation to the compulsory spontaneous exchange of information on tax rulings. Harmful Tax Practices – 2021 Peer Review Reports on the Exchange of Information on Tax Rulings is the sixth annual peer review of the implementation of the Base Erosion and Profit Shifting (BEPS) Project Action 5 minimum standard on tax rulings, which aims to provide tax administrations with the necessary information concerning their taxpayers to efficiently tackle tax avoidance and other BEPS risks.