OECD takes last tax havens off 'black list'

April 07, 2009

The Organisation for Economic Cooperation and Development said it has removed the only four countries left on its "blacklist" of uncooperative tax havens after they bowed to international pressure. Costa Rica, the Philippines, Malaysia and Uruguay have committed to international tax reporting standards, OECD chief Angel Gurria told a press conference in Paris. The list was backed by world leaders at the G20 summit in London this month.