Information Exchange

March 12, 2009By @BahamasFSBIndustry News, International Issues, Tax Co-operation

OECD Secretary-General Angel Gurría announced today that moves by a number of financial centres over recent weeks have given a welcome boost to efforts to promote transparency and exchange of information on tax matters. He said these recent actions and statements consistent with the OECD standards in this area show that *“real progress is being … Read More

Cayman in Bilateral Deals with Nordic Countries

March 11, 2009By @BahamasFSBIndustry News, International Issues, Tax Co-operation

The Cayman Islands government has signed another information sharing agreement, this time with the seven European nations known as the Nordic countries. The Nordic countries comprise Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden. Cayman Minister for International Financial Services Policy, Alden McLaughlin, said the series of agreements shows that Cayman does not trade … Read More

Exchange of Information for Tax Purposes Network

October 30, 2008By @BahamasFSBIndustry News, International Issues, Tax Co-operation

The Organisation for Economic Cooperation and Development (OECD) announced today that the sixteen (16) new bilateral agreements on exchange of information for tax purposes signed this week between OECD countries and the British Virgin Islands, Guernsey and Jersey mark an important step forward in efforts to bring greater transparency to cross-border financial transactions. The British … Read More

Global Forum Releases 2008 LPF Assessment

September 29, 2008By @BahamasFSBIndustry News, International Issues, Tax Co-operation

Advances are being achieved in bringing greater transparency to financial centres around the world, but progress on exchange of information on tax issues is more limited, according to OECD’s latest report on its drive to bring more fairness to cross-border tax co-operation. The Organisation for Economic Cooperation and Development (OECD) has released its latest report … Read More

OECD Model Tax Convention

September 4, 2008By @BahamasFSBIndustry News, International Issues, Tax Co-operation

Next week, the Organisation for Economic Co-operation and Development (OECD) will host some 650 senior tax officials and private sector representatives from over 103 countries at a conference to celebrate the 50th anniversary of an instrument it says *“plays a crucial role in removing tax-related barriers to cross border trade and investment.”* The conference will … Read More

Nordic Information Exchange Agreement with Channel Islands

August 4, 2008By @BahamasFSBIndustry News, International Issues, Tax Co-operation

**The Nordic Council of Ministers** says it will sign agreements with **Jersey** and **Guernsey** on Oct. 28, on the occasion of the next finance ministerial meeting in Helsinki. The agreements will cover information exchange and the avoidance of double taxation. Project leader Torsten Fensby said the information exchange deals with the Channel Islands is part … Read More