On 21 August 2017, the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes (the "Global Forum") published the first ten outcomes of a new peer review process aimed at assessing compliance with international standards in the exchange of information on request ("EOIR") between tax authorities.

140 jurisdictions are members of the Global Forum, which monitors and peer reviews the implementation of the EOIR standards. As part of the review, the legal and regulatory framework of each jurisdiction and the implementation of the EOIR standards in practice are assessed.

Ireland received an overall rating of 'Compliant', which is the highest award which may be granted. Mauritius and Norway also received a rating of Compliant, while six other countries (Australia, Bermuda, Canada, Cayman Islands, Germany and Qatar) received a rating of 'Largely Compliant'. Jamaica received a rating of 'Partially Compliant'.

Minister for Finance, Paschal Donohoe T.D., welcomed the rating and stated that "the outcome of the Global Forum's review is recognition of Ireland's continued commitment to the highest international standards in tax transparency. Ireland continues to play an active role in global work to reform the international corporate tax system."