Another first...S'pore on tax blacklist

[pegasus]

Better buy USD….. sin dollar gonna go down..

S'pore, HK on tax blacklist

They are on OECD’s list of non-cooperative tax centres, reported a French newspaper. -Reuters

Wed, Mar 11, 2009
Reuters

PARIS, March 11 (Reuters) - Switzerland, Luxembourg, Austria, Singapore and Hong Kong will be added to the OECD's list of non-cooperative tax centres, French newspaper La Tribune said on Wednesday, without giving details of its source.

The newspaper said the Organisation for Economic Cooperation and Development would include around 30 countries out of 84 that were examined.

It also said the list could be revised between now and the summit of G20 leaders on April 2.

According to our information, the OECD has notably added Switzerland, Luxembourg, Austria, Singapore and Hong Kong to the list which already includes Andorra, Lichtenstein and Monaco," the newspaper said.

An OECD spokesman denied there was a new list of non-cooperative tax centres.

"What the OECD has done is that we have responded to requests to some G20 members for information concerning different countries and territories' approaches to the issue of exchange of information for tax purposes and it will be up to the G20 countries as a group to decide what they do with this information," he said.

The paper said the G20 group of industrialised and emerging economic powers was debating whether to make the list public. It said France and Germany wanted the document to be published.

France and Germany last week proposed new steps against non-cooperative tax centres and called for a revised set of criteria to draw up the new list.

One proposal was to make financial institutions spell out in their annual reports if they worked with non-cooperative centres. Another was to make supervisory authorities take this extra risk into account in the capital requirements for these institutions.

 

[metalslug]

http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_351158.html

S'pore on tax blacklist
It is among 46 countries, territories that OECD has placed on tax list.

Swiss daily Tages Anzeiger reported that in a letter dated March 5 to British Chancellor Alistair Darling, OECD chief Angel Gurria had provided a list including Switzerland and Singapore, as well as territories such as the Cayman Islands, Andorra and Montserrat. -- ST PHOTO: DESMOND WEE

ZURICH - THE OECD has branded 46 countries and territories for 'insufficient progress' in meeting standards on tax cooperation and banking secrecy, a Swiss newspaper reported on Monday.
Swiss daily Tages Anzeiger reported that in a letter dated March 5 to British Chancellor Alistair Darling, OECD chief Angel Gurria had provided a list including Switzerland and Singapore, as well as territories such as the Cayman Islands, Andorra and Montserrat.

The list also included Costa Rica, Chile, Grenada, Guatemala, Hong Kong, Liberia, Panama, the Philippines, San Marino and Uruguay, as well as Gibraltar, Guernsey and Jersey and a host of Pacific and Caribbean islands.

France and Germany have been leading the charge to clamp down on tax havens, calling for an international 'sanctions mechanism' to be imposed on territories that are on a list due to be prepared for a full G20 summit on April 2.

Swiss Finance Minister Hans-Rudolf Merz said last week that the OECD list was drawn up at the request of the G20.

Amid the pressure, Switzerland, Luxembourg, Austria, Monaco, Belgium, Andorra and Liechtenstein - all of which are on the March 5 list - said late last week that they would relax their bank secrecy laws to provide more cooperation against tax cheats.

Swiss Foreign Minister Micheline Calmy-Rey also criticised the OECD for providing a blacklist, in remarks published on Sunday.

'It is unacceptable that the OECD secretariat acts secretly on the orders of single member states. We have protested against this course of action. Such an error should not be repeated,' she told newspaper NZZ am Sonntag. -- AFP

 

[cheebye]

Better buy USD….. sin dollar gonna go down..

S'pore, HK on tax blacklist

They are on OECD’s list of non-cooperative tax centres, reported a French newspaper. -Reuters

Wed, Mar 11, 2009
Reuters

PARIS, March 11 (Reuters) - Switzerland, Luxembourg, Austria, Singapore and Hong Kong will be added to the OECD's list of non-cooperative tax centres, French newspaper La Tribune said on Wednesday, without giving details of its source.

The newspaper said the Organisation for Economic Cooperation and Development would include around 30 countries out of 84 that were examined.

It also said the list could be revised between now and the summit of G20 leaders on April 2.

According to our information, the OECD has notably added Switzerland, Luxembourg, Austria, Singapore and Hong Kong to the list which already includes Andorra, Lichtenstein and Monaco," the newspaper said.

An OECD spokesman denied there was a new list of non-cooperative tax centres.

"What the OECD has done is that we have responded to requests to some G20 members for information concerning different countries and territories' approaches to the issue of exchange of information for tax purposes and it will be up to the G20 countries as a group to decide what they do with this information," he said.

The paper said the G20 group of industrialised and emerging economic powers was debating whether to make the list public. It said France and Germany wanted the document to be published.

France and Germany last week proposed new steps against non-cooperative tax centres and called for a revised set of criteria to draw up the new list.

One proposal was to make financial institutions spell out in their annual reports if they worked with non-cooperative centres. Another was to make supervisory authorities take this extra risk into account in the capital requirements for these institutions.

How can sickapore not cooperative??

Force sickaporeans to do these n that and yet they themselves not cooperative. Gosh!

fuck the pap to hell

 

[DerekLeung]

Well done !

Now Singapore government getting all IRAs, traffic police, parking warden to collect their loses !

Boycott stay at home and not get fined nor contribute !