Costa Rica, Uruguay. Philipines & Malaysia will exchange TAX information

[clemens]

According to the OCED official website then Costa Rica, Uruguay, Philipines and Malaysia will exchange tax information with other OECD member countries, which makes those countries as offshore banking countries less attractive.

The OECD welcomes recent commitments to the internationally agreed tax standard on exchange of information made by Costa Rica, Malaysia, Philippines and Uruguay. These were the four jurisdictions surveyed by the OECD Global Forum which had not made commitments as of the 2nd April. They have now officially informed the OECD that they commit to co-operate in the fight against tax abuse, that this year they will propose legislation to remove the impediments to the implementation of the standard and will incorporate the standard in their existing laws and treaties.
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Last edited by a moderator: May 19, 2009
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One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity

 

[clemens]

Also count in Hong Kong, which for many years has been know as the offshore‌ banking jurisdiction number 1 for their banking secrecy.

 

[bizman]

As for now I believe this is just propaganda, reserve judgment until we know the‌ details of the agreements.

Mayn other offshore countries have been through the same and often‍ they agree to it but nothing happends.

 

[Moh1]

Bad news I don't hope it is true!

 

[chipchip]

Are those only romours or is they anything that can back this up?

 

[Propeller]

As far as you are doing nothing ilegal it might be no problem, however if‌ you name is everwhere in the media then it is risky for a white list‍ country to plead the 5th, especially a new one on the list.

If you are⁠ an average person you won't get hurt of this, their are still a high corruption⁤ in these countries and the authorities are working very sloooooow, which is of benefit.

FYI

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