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Article: British Virgin Islands to provide United States information in tax evasion investigations
- Article from:
- AP Worldstream
- Article date:
- April 3, 2002
- Author:
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Dateline: WASHINGTON
Treasury Secretary Paul O'Neill signed an information-sharing agreement
with the British Virgin Islands Wednesday to help U.S. authorities
crack down on the use of offshore tax havens to hide illegal money.
It marks the Bush administration's latest effort to open financial
institutions to greater scrutiny to prevent tax evasion.
The agreement comes as the Caribbean nation is being taken off a list
of countries that the Paris-based Organization for Economic Cooperation
and Development has identified as being havens for tax evaders.
The OECD said Wednesday that it's taking the action because the country
had pledged to open up its tax and regulatory ...