OECD WELCOMES FLOOD OF TAX TRANSPARENCY AGREEMENTS
February 1st, 2010
BY KEITH NUTHALL
A PROGRESS report issued by the Organisation for Economic Cooperation & Development (OECD) has claimed almost 300 tax transparency agreements have been signed by jurisdictions since the April 2009 G20 summit in London. This called on governments and sub-national administrations worldwide to adopt the OECD's standards on revealing and exchanging tax information. An OECD communiqué said: "New legislation in major financial centres such as Hong Kong and Singapore [will enable] them to implement the standards as well. Of the 40 plus ...
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