Commit to internationally agreed tax standard

Posted by on April 4, 2009 2 Comments

Of the offending jurisdictions, 40 “have committed to the internationally agreed tax standard” but have yet to implement it.
G20 summit: Blacklisted tax havens face sanctions

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SINGAPORE (Dow Jones)–Singapore’s government said it intends to carry out legislative changes later this year to implement standards set up by the Organization for Economic Cooperation and Development on internationally agreed tax standards.

The OECD Friday named Singapore among 38 territories that “have committed to the internationally agreed tax standard, but haven’t yet substantially implemented” the measures.

“As expected, Singapore has not been classified by the OECD as a tax haven but as a financial centre that has committed to the internationally recognized tax standard,” Singapore’s Finance Ministry spokesperson said in a statement late Friday.

Singapore To Implement Legislative Changes For OECD Tax Norms

See also:

Tax havens named and shamed
TOC Opinion: Singapore a “blacklistee” to be?

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2 Responses to “Commit to internationally agreed tax standard”

  1. Knowing is Armagedon with pinch of ufo & adam evening 5 April 2009

    I hope they do the right thing. FAST.
    But its nearly impossible to rid conflict of interest in the world.
    some place in this universe, the conflict of interest is so great that its impossible to tell what has no conflict of interest.