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Today’s Top Headlines




Korea Boosts Links With Pacific Islands

by Mary Swire, Tax-News.com, Hong Kong

07 June 2011

A number of tax information exchange agreements were signed at the first Korea-Pacific Islands Foreign Ministers' Meeting, held recently in the Korean capital Seoul, where ministers met to discuss enhancing cooperation in various spheres.

Preliminary agreements, according to a South Korean Ministry of Foreign Affairs statement, were signed with Vanuatu, the Marshall Islands and the Cook Islands.

A total of fourteen island territories' foreign ministers attended the event, which aimed at kickstarting dialogue on significantly broadening relations between the islands and South Korea. Discussions focused on regional issues including the effect of climate change on the island territories, and the possibility of joint initiatives in the areas of education and training exchanges.

TAGS: compliance | tax | tax information exchange agreement (TIEA) | tax compliance | tax avoidance | Cook Islands | Marshall Islands | Vanuatu | agreements | Korea, South | mutual assistance agreement

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