8 Aug 2007

Marshall Islands taken off OECD tax haven blacklist

3:09 pm on 8 August 2007

The OECD has removed the Marshall Islands from its blacklist of unco-operative tax havens after it pledged to improve its tax and regulatory systems.

The OECD says the Marshall Islands had joined 34 other jurisdictions that had committed themselves to high standards of transparency and exchange of information for tax purposes.

The decision leaves just Andorra, Liechtenstein and Monaco on the OECD's uncooperative tax havens list.

In a statement, the OECD said the Marshall Islands has made a commitment to implement a programme to improve transparency and to establish effective exchange of information in tax matters.