Guatemala Wants Out of OECD’s Grey-List
The country has exchanged texts with seven countries to sign double taxation agreements.
Tuesday, April 13, 2010
Additionally, the Public Finances Ministry has invited Pascal Saint-Amans, head of the Tax Transparency Forum at the Organization for Economic Cooperation and Development (OECD), to visit the country.
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.
Pressured by OECD, the Government of Costa Rica is taking steps to update its regulations in order to comply with international standards.
In 2010, when looking at total tax revenue as a percentage of GDP, Costa Rica has the highest ratio in Central America, and ranked fourth in Latin America, behind only Argentina, Brazil and Uruguay.
Panama concluded negotiations for a double taxation agreement with Italy.
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