CaribWorldNews, NEW YORK, NY, Mon. Aug. 17, 2009: British-dependent territories, The BVI and The Cayman Islands, have made the tax `white list.`
The Organization for Economic Cooperation and Development (OECD) added the two islands to its `white list` of jurisdictions after they signed the twelfth Tax Information Exchange Agreement with New Zealand, on August 13.
Cayman Leader of Government Business/Premier Designate, Hon. McKeeva Bush, in commenting on the move, said that ` The Cayman Islands’ Government sees the OECD`s recognition as a natural outcome of the country`s substantial commitment to uphold an equally world-class international cooperation regime in the exchange of tax information.`
The G20 group of leading industrialized and emerging market nations agreed in April to crack down on countries that failed to help out in cross-border tax evasion cases.