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Eighteen Caribbean-region countries are tax havens according to OECD criteria

PARIS, France (AFP): Data from the Organisation for Economic Cooperation and Development points to 18 countries in the wider Caribbean region as having tax-haven status according to four criteria.

The four criteria are: insignificant or non-existent tax levels, absence of transparency in tax matters, absence of fiscal data exchange with other countries and attractiveness for straw companies with fictitious activities.

Some jurisdictions have taken steps to boost transparency in their dealings with the OECD, which seeks to coordinate economic policies among the world's leading industrialised nations.

Others exchange no information with other states.

However, some countries have made commitments to the OECD to ensure transparency and to exchange data:

Anguilla
Antigua and Barbuda
Dutch Antilles
Aruba
The Bahamas
Barbados
Belize
Bermuda
Dominica
Grenada
Cayman Islands
British Virgin Islands
US Virgin Islands
Montserrat
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Turks and Caicos

Source: CaribbeanNetNews

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