On Tuesday 6 February, the Organisation for Economic Co-operation and Development announced that jurisdictions were continuing to make progress in implementing the international standard to combat harmful tax practices. It had examined 322 preferential tax regimes and found that over 40% of them had been or were in the process of being abolished.
In particular, it noted that two tax regimes were no longer harmful, as they had been drawn up in accordance with OECD standards. These are the...