Business Services Industry
Domiciles expect to avoid OECD final list.
Business Insurance, April, 2001 by Unsworth, Edwin
The majority of the 10 captive domiciles included on the Organization for Economic Cooperation and Development's preliminary list of tax havens say the list has not harmed their image with captive owners. Last June, the Paris-based OECD compiled a list of 35 international jurisdictions with tax practices deemed harmful to fair trade.
The OECD, a group of 30 industrialized countries that seeks to develop and improve international economic and social policy, will publish a final list of tax havens in June. And many of the captive domiciles on the list that were available to comment are confident that they will not be on the OECD's final list. The OECD has given territories on its preliminary list until July 31, 2001, to agree to correct infringements of OECD...
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