Four more countries commit to OECD tax standards

The OECD has welcomed commitments by Costa Rica, Malaysia, Philippines and Uruguay in complying with international tax information standards.

These were the four jurisdictions surveyed by the OECD Global Forum which had not made commitments as of the 2nd April.

They have now officially informed the OECD that they commit to co-operate in the fight against tax abuse and, as a result, have been moved into the category of jurisdictions which commit to the standard but are yet to implement any substantial measures.

Angel Gurria, the Secretary-General of the OECD, said: 'We continue to see quick progress in the adoption of the OECD standard. I very much welcome that all jurisdictions surveyed by the OECD Global Forum are now committed. We need a level playing field and are looking forward to quick implementation of the standard.'

Further Reading:

Tax havens defend deals ahead of G20

Isle of Man and France sign tax agreement