Tax havens begin sharing information about entities that earn income from IP, other mobile activities
Turks and Caicos Islands is among twelve tax haven countries, which for the first time, provided information about the activities of some business entities located in the country to the countries where the entities’ parents or beneficial owners are tax resident, Organisation for Economic Co-operation and Development (OCED) recently announced. Anguilla, the Bahamas, Bahrain, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Isle of Man, Jersey, Turks and Caicos Islands, and the United Arab Emirates, followed standards set out by the OECD’s Forum on Harmful Tax Practices, the OECD said. The information disclosed by the 12 countries includes the identity …