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  1. Wealth
April 8, 2009

Guardian: Tax havens removed from OECD blacklist

By Spear's

The last four countries on a blacklist of uncooperative tax havens published at the G20 London summit last week have succumbed to international pressure and agreed to cooperate with tax authorities around the world.

From the Guardian:

The last four countries on a blacklist of uncooperative tax havens published at the G20 London summit last week have succumbed to international pressure and agreed to cooperate with tax authorities around the world.

The Organisation for Economic Cooperation and Development announced in Paris todaythat Uruguay, Costa Rica, the Philippines, and Malaysia are now committed to meeting its standards on exchanging tax information and would be removed from the blacklist.

However, a row over how the OECD lists were drawn up and complaints from aid agencies that the agreements could be too easily circumvented threatened to overshadow the announcement.

The dramatic shift in position by the four blacklisted countries marked a “very, very substantial transformation of the landscape” in tackling tax evasion and avoidance, OECD secretary general Angel Gurria said.

To read the full story, visit guardian.co.uk
 

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