OECD blacklisters agree to restrictions

Published last week, the blacklist included Costa Rica, Malaysia, the Philippines and Uruguay, described as jurisdictions which have made no commitment to the global standard for tax co-operation and exchange of information. However, OECD chief, Angel Gurria, says all four countries have now agreed to adopt its regulations. The list was part of efforts agreed at the G20 summit to clamp down on non-cooperative tax havens. "I'm pleased to say that those four jurisdictions have now made a full commitment to exchange information to the OECD standards," says Gurria. Consequently, none of...