Barbados, the Seychelles, San Marino and Trinidad and Tobago fall short of the international standard on exchange of information for tax purposes, the OECD's Global Forum on Transparency and Exchange of Information reported.
A ‘satisfactory’ legal framework is in place in Guernsey, but there are ‘minor issues that Guernsey has been asked to address’.
The Forum reported that in Mauritius there were ‘missing elements in the legal framework such as accounting information on some of the offshore companies’. There was room for improvement as regards access to bank information by the tax authorities.
The systems in place in Australia, Denmark, Ireland and Norway ‘have achieved effective exchange of information in practice’ but some minor issues on bearer shares or nominees ‘will have to be addressed’.
Barbados, the Seychelles, San Marino and Trinidad and Tobago fall short of the international standard on exchange of information for tax purposes, the OECD's Global Forum on Transparency and Exchange of Information reported.
A ‘satisfactory’ legal framework is in place in Guernsey, but there are ‘minor issues that Guernsey has been asked to address’.
The Forum reported that in Mauritius there were ‘missing elements in the legal framework such as accounting information on some of the offshore companies’. There was room for improvement as regards access to bank information by the tax authorities.
The systems in place in Australia, Denmark, Ireland and Norway ‘have achieved effective exchange of information in practice’ but some minor issues on bearer shares or nominees ‘will have to be addressed’.
