Ethics and governance in the European Financial centers

"Today the British Virgin Islands and the Cayman Islands take their place alongside other countries that have substantially implemented the internationally agreed tax standard," said Jeffrey Owens, head of the OECD's Center for Tax Policy and Administration.

"Six jurisdictions have moved into this category since April," he added.

How these jurisdictions may have substantially implemented the internationally agreed tax standard whereas no data have been exchanged yet?

Read OECD Press Release

Updated OECD list (14 August 2009)