BVI and Cayman join tax haven 'white list'

Both offshore centres signed their twelfth tax information exchange agreement (TIEA) with New Zealand marking their promotion from the ‘grey list' of tax havens which have yet to adequately meet the OECD standard. "Today the British Virgin Islands and the Cayman Islands take their place alongside other countries that have substantially implemented the internationally agreed tax standard," says Jeffrey Owens, director of the OECD's Centre for Tax Policy and Administration. A total of six jurisdictions have now moves into the White List category since April. "We look forward to worki...