Guatemala Still a Tax Haven
In the new list of countries which France has categorized as tax havens France does not include Panama nor Costa Rica, however Guatemala remains along with seven other jurisdictions.
Thursday, April 12, 2012
In updated list of tax havens, which has not been reviewed since 2010 the following countries were excluded: Anguilla, Belize, Costa Rica, Dominica, Grenada, the Cook Islands, the Turks and Caicos Islands, Liberia, Oman, Panama, St. Vincent and the Grenadines.
Representatives from the Tax Authority and the Ministry of Finance will sign agreements to exchange tax information with several countries.
The French government has approved a bill to formalize the double taxation agreement with Panama.
After completing twelve agreements to exchange tax information with as many other countries, the OECD has announced that Costa Rica will be excluded from the gray list.
Panama, Bahrain, the Cook Islands, Nauru and Vanuatu are the countries that have refused to join the OECD agreement for automatic exchange of tax information.
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