Moves by a number of financial centres over recent weeks in favour of transparency and exchange of information on tax matters have given a welcome boost to efforts counter international tax evasion, OECD Secretary-General Angel Gurría said.
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Jersey and the United Kingdom have today signed a bilateral agreement for exchange of information for tax purposes bringing to 11 the number of such agreements entered into by Jersey.
Some 16 new bilateral agreements on exchange of information for tax purposes signed this week between OECD countries and the British Virgin Islands, Guernsey and Jersey mark an important step forward in efforts to bring greater transparency to cross-border financial transactions.
This page provides an overview of developments which have taken place since June 2000 in OECD's work on tax havens.