Barbados has been removed from the European Union’s list of non-cooperative jurisdictions and Dominica has been added.
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Lowtax.net News: Progress Being Made On Closing ‚Harmful‘ Tax Regimes: OECD
The OECD has issued another update on jurisdictions‘ progress to amend their preferential tax regimes to remove harmful elements under the OECD base erosion and profit shifting Action Plan minimum standard on harmful tax regimes (Action 5).
Lowtax.net News: IMF Highlights Bank Derisking’s Impact On Caribbean
Caribbean banks have lost important correspondent banking relationships as a result of international banks withdrawing from the region, according to a working paper recently released by the International Monetary Fund.
Lowtax.net News: Cayman Welcomes OECD Information Exchange Rating
The Cayman Islands has welcomed recent recognition by the Global Forum on Transparency and Exchange of Information for Tax Purposes that it is „largely compliant“ with evolving international tax information exchange standards.
Lowtax.net News: Caribbean Community Seeks Swedish Support On Tax Issues
The Secretary-General of the Caribbean Community, Irwin LaRocque, has urged Sweden to use its position in two major international organizations to highlight the unfair labeling of some Community member states as „non-cooperative tax jurisdictions.“
Lowtax.net News: Caribbean States To Improve Internet Infrastructure
The Caribbean Community has approved a roadmap for the creation of a single „Information Communication Technology Space“ for its member states.
Lowtax.net News: BVI Hosts Regional BEPS Conference
The British Virgin Islands has hosted a regional conference on „Current Developments in International Taxation and the Impact on Caribbean Jurisdictions.“
Lowtax.net News: IMF Works To Address Caribbean ‚De-risking‘ Woes
The International Monetary Fund has set out the actions being taken and further possible options to address bank de-risking for Caribbean nations.
Lowtax.net News: Caribbean Urged To Conclude FATCA IGAs
The Caribbean Association of Banks has urged all Caribbean countries to finalize intergovernmental agreements with the US to facilitate compliance with the US Foreign Account Tax Compliance Act.
Lowtax.net News: Bank De-Risking Highlighted At Commonwealth Meeting
The Commonwealth Secretariat recently hosted a public meeting to discuss the findings of a survey into the challenges faced by its members with respect to the drop in correspondent banking relationships, or bank „de-risking.“
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