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Europe Daily Bulletin No. 8195
Contents Publication in full By article 33 / 45
GENERAL NEWS / (eu) eu/oecd/tax

Model agreement on information exchange

Paris, 18/04/2002 (Agence Europe) - In the context of its work at eradicating harmful tax practices, the OECD Committee for Fiscal Affairs states that "31 jurisdictions have made commitments to transparency and effective exchange of information, and are thus considered as being co-operative". The Committee also states that it has identified as "non-co-operative tax havens" Andorra, Liechtenstein, the Principality of Monaco, Liberia, the Marshall Islands, Nauru and Vanuatu.

Furthermore, the OECD made public on 18 April a "model of agreement for the effective exchange of information on taxation", developed by its Global Forum that looked at these issues with the participation of several OECD countries, as well as San Marino, Cyprus, Malta, the Isle of Man, the Dutch West Indies, the Cayman Isles, Bermuda, Aruba, Mauritius and Bahrain. Dutch Minister of State for Finance, Wouter Bos regarded as "very encouraging that even eleven centres of finance non members (of the OECD) had had the courage to actively contribute" in the project, and considered that the agreement "will become an international standard for information exchange in tax matters".

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