The OECD has welcomed commitments by Costa Rica, Malaysia, Philippines and
Uruguay in complying with international tax information standards.
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 and, as a result, have been moved into the category
of jurisdictions which commit to the standard but are yet to implement any
substantial measures.
Angel Gurria, the Secretary-General of the OECD, said: ‘We continue to see
quick progress in the adoption of the OECD standard. I very much welcome that
all jurisdictions surveyed by the OECD Global Forum are now committed. We need a
level playing field and are looking forward to quick implementation of the
standard.’
Further Reading: