The list, which would reveal which tax havens had decided to cooperate with OECD requirments on what it calls ‘harmful tax regimes’, was due on 31 July but now looks like it will be postponed for at least four months.
OECD moves on offshore tax regimes appear blocked after the US Treasury expressed doubts about its validity. The initiative was supported by former president Bill Clinton’s administration, but under George Bush, the OECD crackdown is considered to be out of sync with the government’s thinking.
Last month the OECD said it would continue with its plans to get as many tax havens to co-operate and reform their tax systems.
Talks have been ongoing and the OECD has been treating them as ultra sensitive in the hope of getting the US back on board.
The Isle of Man is one of four regimes to come off the list after giving a qualified agreement to OECD measures.
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