View more on these topics

BVI and Cayman Islands on OECD ‘white list’

The British Virgin Islands and the Cayman Islands have been placed on the Organisation for Economic Cooperation and Development’s white list after signing a tax information exchange agreement with New Zealand.

Both offshore territories signed their twelfth TIEA today, placing them on the ‘white list’ of those countries which have substantially implemented the internationally agreed tax standard as set by the OECD.

The BVI says it hopes to sign its 13th TIEA with the Netherlands in the very near future and discussions are already underway with Ireland.

The BVI currently has agreements with the US, UK, Australia, France and the Nordic Alliance including Denmark, Finland, Iceland, Norway and Sweden.

Upon signing the agreement, BVI Premier the Hon Ralph O’Neal OBE said: “The conclusion of this TIEA demonstrates the commitment of both the BVI and the New Zealand governments to the OECD principles of transparency and effective exchange of information.

“We are delighted that, in signing this TIEA with New Zealand today, we are now on the OECD’s white list.”

Recommended

3

Raw deal?

Sesame lost £1m in the first half of 2009, plunging from a profit of £2m in 2008, but insists it remains in a strong position to independently fund the takeover of Bankhall.

Impact points

Whenever I have an argument with someone, I always end up, many hours later, thinking of something else I should have said at the time. It’s known as the “and another thing syndrome”.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com