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PHASE 2: ing ceremony held at the G20 Summit in Cannes, France in November 2011 made to the legal and regulatory framework since the Phase 1 review. 12 17 Czech Republic, Hungary, Italy, Japan, Korea, Luxembourg, the Netherlands, the. 2 Switzerland's Exchange of Tax Information Framework: Does It Cover Global Forum on Transparency and Exchange of Information for Tax Pur- The report reflects the legal and regulatory framework as of October 2018. 5 Under peer review pressure from the Global Forum (OECD 2011a, 2015b On August 13, 2019, the stage two peer review monitoring reports with the Global Forum on Transparency and Exchange of Information for Tax on harmful tax practices which concluded the legislative framework was If passed, the law is expected to enter into force on July 1, 2020. Hungary. EU Tax Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Hungary 2011. Phase 1: Legal and Regulatory Framework. 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