Caribbean jurisdictions promoted

Dominica Grenada and Saint Lucia have been moved into the category of jurisdictions considered to have substantially implemented the Organisation for Economic Co-operation and Development standard on transparency and exchange of information having now all signed at least 12 exchange of information agreements conforming to the standard. This brings to 28 the number of jurisdictions that have moved into this category since April 2009.

As members of the Global Forum on Transparency and Exchange of Information for Tax Purposes each of these jurisdictions agreed to participate in a peer review of their laws and practices in this area.

Jeffrey Owens director of the OECD’s Centre for Tax Policy and Administration said: ‘We continue to see a great deal of progress in the Caribbean as jurisdictions move to sign agreements. With Dominica Grenada and Saint Lucia now reaching this benchmark most of the...