1About the response of the international tax transparency peer-reviewed andKeywords: tax transparency and information exchange principles / the global taxation Forum / peer review Summary: Global Tax Forum peer review organizations for the implementation of the principle of international tax transparency and exchange of information and international tax cooperation in the new mechanism. Appraisal found prevailing in different countries on three issues in foreign trusts, bearer shares and the nominal holder defect of lack of information transparency of our country as a civil law countries, the existing laws and regulations and Forum standards designed a certain distance, deserve attention. strengthen tax collection procedures to obtain the trust information legislation should be in a perfect entity of the trust tax regime on the legal basis domestic trusts and foreign trusts to develop information reporting rules, it is necessary to amend, cancel the provisions of the bearer shares in issue 130 of the Companies Act, the 2development of undisclosed investment on behalf of shareholders of Information Preservation Act to impose information on behalf of shareholders reporting obligations. After the outbreak of the financial crisis, in order to prevent international tax avoidance, strengthen international tax intelligence cooperation, in April 2009, the G20 financial summit in London decided to strengthen the implementation of the standards and principles of international tax transparency and exchange of information. Uncooperative in the fight against tax havens and bank information exchange countries and regions by the Organisation for Economic Co-operation and Development (OECD) (OECD “blacklist” and therefore subject to severe sanctions, for example, will be excluded from the IMF and the World Banks financing arrangements in the performance of the international tax transparency standards countries and regions, there are certain issues and principles will be included in the “gray list” to fulfill the standards and principles of the countries and regions will be included in the “white 3list”. 1 As of May 2010 on the 20th, the “black list” for the blank from the “gray list” of countries and regions has reached 28, including Switzerland, Belgium and Monaco. This fully shows that under the impetus of the G20, the international tax transparency and exchange of information standards and principles for national generally accepted Since then, as the OECD the global taxes Forum of the subsidiary bodies of reorganization was given new functions, namely the implementation of a comprehensive monitoring and improving the mechanism of peer review procedures in order to promote the principle of transparency of the international tax the actual implementation. Peer review of tax transparency and exchange of information is a new mechanism of international cooperation in tax administration. China is the Vice-Chairman of the Global Tax Forum, is identified in the peer-reviewed, compliance for the country, will be directly related to Chinas image and status as a responsible big country, however, this is the international institutions in the field of taxation for the first time on China initiated peer review, the lack of accumulated 4experience, international tax law scholars also few scholars are concerned about the issues involved in the council I tracking the peer review process involved in the completion of a survey of the Forum on China, written questionnaire the Chinese text of the relevant issues to be concerned about, and accumulated some information I will combine the participation of the peer review process, introduced the background of the council, analyze countries generally face legal problems, combined with China legislation proposed corresponding recommendations for your reference. International tax transparency peer-reviewed Profile (A peer review of the background Global Tax Forum is part of the OECD agencies, established in 2000, whose function is to promote the OECD to develop policies and measures to prevent the abuse of tax havens worldwide. After the outbreak of the global financial crisis, G20 requirements .2009 Global Tax Forum meeting in Mexico in September, has been reorganized to strengthen international tax information exchange cooperation on a broader platform, officially changed its name to the “global tax transparency and 5information exchange forum “(Global Forum on Transparency and Exchange of Informationfor Tax Purposes, hereinafter referred to as the” Global Tax Forum “) in the formal authorization of the G20, the forum was given new functions that monitor and promote the implementation of the principles of international tax transparency including the restructured Global Tax Forum, absorb all the members of the G20 and the OECD for its members, and continue to invite more countries to join them. far, global tax forum has 109 members, 2 has been many of the countries incl