"During the course of 2009 Gibraltar met the OECD's
requirements in relation to the number of TIEAs it needed to have
in place so as to be white listed by the OECD as a
jurisdiction committed to meeting its international
requirements.
The first, and therefore most memorable TIEA signed, was with
the USA on the eve of the G20 summit in London when Chief Minister,
Peter Caruana, met with the US Treasury Secretary Mr Timothy
Geithner in order to finalise and sign the agreement.
Today a total of 18 TIEAs have been agreed, not only meeting the
OECD requirements but surpassing the minimum figure required.
Of the 18 TIEAs agreed and signed, 13 have now come into
force, (please click here for the full list), with
Portugal on the 24th April this year being the latest country to do
so. This will result in the removal of Gibraltar from the
Portuguese Blacklist of Offshore Tax Havens and allow for improved
relationships between both countries going forward.
