View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
  2. Tax
November 27, 2013updated 11 Jan 2016 2:29pm

STEP: Four tax havens still don’t meet OECD standards

By Spear's

Four jurisdictions – Luxembourg, Cyprus, the British Virgin Islands and the Seychelles – have been rated as non-compliant with international tax transparency standards in the latest report from the OECD’s Global Forum.

The report, giving compliance ratings for 50 countries, was issued at the Global Forum’s meeting in Jakarta on Friday.

Eighteen jurisdictions, including the Isle of Man, Belgium, France and South Africa, were rated as fully compliant with the OECD’s recommendations on tax information exchange.

A further 26 were classified as ‘largely compliant’. These included Guernsey, Jersey, the Cayman Islands, Turks and Caicos, Bahamas, Bermuda, Jamaica, Singapore, Hong Kong, Macao, Malta, Monaco and San Marino. The USA and UK also came into this category, their failings mainly being in the area of company ownership registries, though the UK’s slow response to information requests was also highlighted.

Content from our partners
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight
Meet the females leading in the FTSE

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network