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Costa Rica
Taken Off Blacklist Of Haven For Tax
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Costa Rica, along with Uruguay, Malaysia and
the Phillipines, have pledged to commit to
an exchange of information with the
Organization for Economic Cooperation
(OECD).
The four countries had been placed on the
OECD blacklist for non-compliance.
"The four jurisdictions have now made full
commitment to exchange information," said
OECD chief, Angel Gurria, at a press
conference in Paris.
Uruguay, Costa Rica, the Philippines and
Malaysia are now off the OECD's black list
of "jurisdictions that have not committed to
the internationally agreed tax standards,"
Gurria said.
"This very important move by so many
jurisdictions...is one of the first
deliverables of the G20 meeting", added
Gurria, referring to the G20 summit of world
leaders which last week asked the OECD to
publish the blacklist in a renewed move to
crack down on tax fraud across the globe. on
the blacklist as part of efforts agreed at
the Group of 20 leaders summit to crack down
on tax evasion.
Last Thursday the OECD placed the four
countries that included Costa Rica on the
blacklist as part of efforts agreed at the
Group of 20 leaders summit to crack down on
tax evasion.
The OECD published three lists -- black,
grey and white -- which respectively
identify the worst offenders, those that are
somewhere in-between, and those who are
considered as fully committed to
internationally acceptable standards.
As a result , none of the 84 countries and
territories that the OECD monitors were on
the blacklist any more, according to Gurria.
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