Article Index |Advertise | Mobile | RSS | Wireless | Newsletter | Archive | Corrections | Syndication | Contact us | About Us| Services
 
Sun, Nov 22, 2009 04:15 PM Philippines      25°C to 33°C
  HOME       NEWS     SPORTS     SHOWBIZ AND STYLE      TECHNOLOGY     BUSINESS     OPINION      GLOBAL NATION    SERVICES
Advertisement
Robinsons Land Corp.
Xoom

INQUIRER ALERT
Get the free INQUIRER newsletter
Enter your email address:

 
Money/ Breaking News Type Size: (+) (-)
You are here: Home > Business > Money > Breaking News

  ARTICLE SERVICES      
     Reprint this article     Print this article  
    Send as an e-mail     Send Feedback  
    Post a comment   Share  

  RELATED STORIES  




imns


RP taken off OECD tax haven blacklist


Reuters
First Posted 19:43:00 04/07/2009

Filed Under: State Budget & Taxes, International (Foreign)Trade, Treaties & International Organisations, International Economic Institutions

PARIS -- The OECD said on Tuesday that the four countries on a tax haven blacklist, published as part of agreements at last week's G20 summit, have committed to meeting international standards and will be removed form the list.

Last Thursday, the Organization of Economic Cooperation and Development placed Uruguay, Costa Rica, Malaysia and the Philippines on the blacklist as part of efforts agreed at the Group of 20 leaders summit to crack down on tax evasion.

The OECD published three lists -- black, grey and white -- which respectively identify the worst offenders, those that are somewhere in-between, and those who are considered as fully committed to internationally acceptable standards.

The removal of the four countries from the blacklist was announced in a statement and at a news conference where OECD chief Angel Gurria said:

"This very important move by so many jurisdictions ... is one of the first deliverables of the G20 meeting."

He was referring to the G20 summit of world leaders which last week asked the OECD to publish the blacklist in a renewed move to crack down on tax fraud across the globe.



Copyright 2009 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Share

RELATED STORIES:

OTHER STORIES:



  ^ Back to top

© Copyright 2001-2009 INQUIRER.net, An INQUIRER Company

The INQUIRER Network: HOME | NEWS | SPORTS | SHOWBIZ & STYLE | TECHNOLOGY | BUSINESS | OPINION | GLOBAL NATION | Site Map
Services: Advertise | Buy Content | Wireless | Newsletter | Low Graphics | Search / Archive | Article Index | Contact us
The INQUIRER Company: About the Inquirer | User Agreement | Link Policy | Privacy Policy

Advertisement
Megaworld
Filinvest
Toyota
Focalcast