The decision means Tonga will not appear on any list of uncooperative jurisdictions.
A blacklist of tax havens was originally due to be published last month. Countries appearing on the list were threatened with economic sanctions and having favourable tax treaties scrapped if they did not co-operate to eliminate so-called harmful tax practices.
But with the election of US president George Bush the organisation’s tax policy has been forced to change. The US Treasury expressed doubts over the programme, suggesting it could hurt North American business interests.
As a result, the list has now slipped down the agenda with no firm date set for publication.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy