PARIS – The Organization for Economic Cooperation and Development on Thursday named those tax havens it said had not made any commitment to respecting international standards on exchanging tax information.
After the agreement at the G20 summit in London earlier Thursday to act against uncooperative countries, the OECD named Costa Rica, Malaysia, the Philippines and Uruguay on its black list.
The OECD said these countries had “not committed to the internationally agreed tax standard.”
It listed another 38 territories as those that “have committed to the internationally agreed tax standard, but have not yet substantially implemented” the measures.
They included: Belgium, Brunei, Chile, the Dutch Antilles, Gibraltar, Liechtenstein, Luxembourg, Monaco, Singapore, Switzerland and Carribean island nations including the Bahamas, Bermuda and the Cayman Islands.
A third list of 40 countries named those that had substantially implemented the internationally agreed tax standard: it included Britain, China (with the exception of special administrative regions), France, Germany, Russia and the United States.
“We have agreed that there will be an end to tax havens that do not transfer information upon request,” said British Prime Minister Gordon Brown at the end of the G20 summit.
“The banking secrecy of the past must come to an end,” he added.
“Recent developments reinforce the status of the OECD standard as the international benchmark and represent significant steps towards a level playing field,” said OECD Secretary-General Angel Gurria in comments published on the OECD website.
“We now have an ambitious agenda, that the OECD is well placed to deliver on,” he added.
“I am confident that we can turn these new commitments into concrete actions to strengthen the integrity and transparency of the financial system.” –Agence France-Presse
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
