Caribbean trio secure OECD tax endorsement
Dominica, Grenada and Saint Lucia join OECD roster of countries which have substantially implemented transparency and exchange of information standards
The OECD has brought Dominica, Grenada and Saint Lucia onto its list of
countries which have improved their transparency and information exchange
activities.
But the international body still has other countries, including Belize, in
its sights.
Including Dominica, Grenada and Saint Lucia 28 countries have moved into this
category since April 2009.
As members of the Global Forum on Transparency and Exchange of Information
for tax Purposes, each of these jurisdictions agreed to participate in a peer
review of their laws and practices in this area, the OECD said.
Jeffrey Owens, Director of the OECD’s Centre for Tax Policy and
Administration, said: “We continue to see a great deal of progress in the
Caribbean as jurisdictions move to sign agreements.
“We will be working with the remaining Caribbean jurisdictions – Belize,
Costa Rica, Guatemala, Montserrat and Panama – to encourage them to follow this
trend, providing them with whatever assistance is needed.”