Ten offshore havens agree to share tax data

UK Prime Minister Gordon Brown is set to announce that as many as ten offshore jurisdictions have agreed to greater tax transparency and share of information signings.

High profile tax havens including Switzerland, Liechtenstein, Luxemburg, Monaco, Austria and Andorra are thought to be party to the deals, according to telegraph.co.uk

Switzerland and Austria have been under significant pressure from the OECD to sign the share of information signings.

As part of the G20 talks this week, Brown is anticipating many countries will agree to bi-lateral arrangements in demonstrating international co-operation on the exchange of tax data.

Further Reading:

Offshore account holders offered tax deal

Delay in prosecutions harms crackdown on offshore evasion