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Article: OECD takes British Virgin Islands off tax haven list
- Article from:
- AP Worldstream
- Article date:
- April 3, 2002
- Author:
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Dateline: ROAD TOWN, British Virgin Islands
The British Virgin Islands has committed to greater transparency and
exchange of information and so will be removed from an international
blacklist of tax havens, the OECD announced Wednesday.
The Paris-based Organization for Economic Cooperation and Development
said that the British Caribbean territory agreed to make the improvements
by Dec. 31, 2005. Improvements include exchanging more information
in both criminal and civil matters and providing tax data on companies
here to foreign tax authorities.
The OECD listed British Virgin Islands among 35 international tax
havens in 2000. Most jurisdictions listed have since ...