Removal from the OECD grey list
Basseterre, St. Kitts -- March 10, 2010 (CUOPM) – Australia is the 10th nation that
St. Kitts and Nevis has signed Tax Information Exchange Agreements
(TIEA’s).
With Friday’s signing by St. Kitts and Nevis Prime Minister Hon. Dr.
Denzil L. Douglas and Australia’s Non-Resident Ambassador to St. Kitts
and Nevis His Excellency Philip Kentwell, Australia joins Monaco, The
Netherlands, The Netherlands Antilles, Aruba, United Kingdom, Denmark,
Belgium, New Zealand and Liechtenstein.
St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas said the
twin-island Federation will be signing tax information exchange
agreements with six (6) Nordic countries on March 24 2010 and will, at the latest, be removed from the OECD Grey List on that date.
St. Kitts and Nevis has already initialed or concluded negotiations
with and are awaiting dates for signature with Canada, France, Germany,
Norway, Sweden, Greenland, Faroe Islands, Iceland, Finland and San
Marino.
The Federation has commenced discussions with India, Japan, the
Republic of Seychelles and the United States on Tax Information
Exchange Agreement but has not yet confirmed the text for these
agreements.