TaxPersonal TaxTonga off OECD blacklist

Tonga off OECD blacklist

The OECD has said Tonga no longer meets the criteria of a tax haven set out in its report 'Harmful tax competition: An emerging global issue'.

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.

Links

New Zealand opposes OECD tax moves

OECD set for new tax havens policy

OECD’s tax haven black list delayed

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter