International Issues
OECD, Commonwealth Agree to Work towards Global Co-operation on Harmful Tax Practices
OECD and Commonwealth countries have agreed on a way forward in efforts to achieve global co-operation on harmful tax practices through a dialogue based on shared support for the principles of transparency, non-discrimination and effective exchange of information on tax matters.
The agreement was achieved at a two-day meeting co-organised by the OECD and the Commonwealth in Barbados under the chairmanship of the Prime Minister of Barbados, the Rt. Hon. Owen Arthur, and attended by representatives of more than 40 jurisdictions including OECD and Commonwealth countries and jurisdictions in the Caribbean and Neighbouring region. A number of international and regional organisations were also represented, including the IMF, the World Bank, CARICOM, the Caribbean Development Bank, the Inter-American Development Bank, the Center for Inter-American Tax Administrators and the Pacific
