News story

A further boost to transparency and international tax co-operation

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Seven Overseas Territories have joined more than 60 countries in cooperation measures to combat tax avoidance.

International efforts to combat tax evasion and avoidance got a boost today as additional countries and jurisdictions agreed to join more than 60 other countries in tax co-operation through a key multilateral tax instrument during the first day of a global meeting in Jakarta, Indonesia.

This latest development includes the deposit by the United Kingdom of declarations extending the territorial scope of the Convention to cover the following jurisdictions: Isle of Man (Crown Dependency) and Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Montserrat, and Turks & Caicos (Overseas Territories).

Read more about the ongoing OECD Global Forum on Transparency and Exchange of Information for Tax Purposes.