04/08/2009
4.278% of the OECD budget : not a big loss should they leave the OECD (update)
Switzerland used its veto rights to withhold EUR 136,000 earmarked for cooperation between the Organisation for Economic Cooperation and Development and the Group of 20 countries.
The jurisdiction is supported by Belgium, Austria and Luxembourg.
There contribution share in percentage to the OECD budget is the following :
1.500: Switzerland
1.415: Belgium
1.147: Austria
0.216: Luxembourg
The 4 jurisdictions contribute to 4.278% to the OECD budget.
Why not puting them on the blacklist once for all as this is definitely a non-cooperative attitude? The recovered money would largely compensate...
Above all this would allow Mr Gurria to respect what he wrote to Minister Frieden : "from an OECD perspective, none of our Members qualify as tax havens". If these jurisdiction are no longer OECD member, Mr Gurria will be able to qualify those that do not respect their commitment as tax havens without renunciation.
Quod erat demonstrandum.
17:39 Posted in General | Permalink | Comments (0)
04/07/2009
OECD takes every jurisdiction off blacklist
Reuters has reported that centers blacklisted last Thursday in a renewed crackdown on tax fraud were taken off the list today after committing to international standards on bank information disclosure.
The Organization for Economic Cooperation and Development said that it was moving Uruguay, Costa Rica, Malaysia and the Philippines to a grey list of offenders that say they will put things right, a long list.
18:03 Posted in General | Permalink | Comments (0)