St Kitts And Nevis Nears White List
Tuesday, March 9, 2010
The Caribbean federation of St Kitts and Nevis signed its tenth Tax Information
Exchange Agreement (TIEA) with Australia at a ceremony on March 5.
The agreement was signed by St Kitts and Nevis Prime Minister, Denzil Douglas,
and Australia’s non-resident ambassador to St Kitts and Nevis, Philip
Kentwell. The agreement brings St Kitts and Nevis’s tally of such agreements
to ten, having previously concluded agreements with Monaco, the Netherlands,
the Netherlands Antilles, Aruba, the United Kingdom, Denmark, Belgium, New Zealand
With the end of March deadline fast approaching for territories to achieve a place
on the OECD ‘white list’ of territories that have "substantially
implemented" the internationally agreed standard, Douglas confirmed that on March
24, 2010, the territory would sign agreements with the six Nordic countries,
in order to achieve the twelve TIEA benchmark set by the G20.
Texts of further TIEAs have been agreed with
Canada, France, Germany and San Marino, Douglas informed, stating that the federation
was awaiting dates for their signature.
The Federation has also commenced discussions with India, Japan, the Seychelles and the United States towards the conclusion of TIEAs but
has not yet confirmed the text for these agreements, Douglas concluded.