It has recently emerged that negotiating delegations of Liechtenstein and St Vincent and the Grenadines have signed an OECD-compliant Tax Information Exchange Agreement (TIEA).
Initialled on September 18, the bilateral TIEA between the two countries follows the OECD Model Tax Convention and provides for information exchange upon request from the 2010 tax year. The agreement is due to enter into force upon conclusion of the respective domestic ratification procedures.
On March 12, 2009, Liechtenstein recognized the OECD standard on tax cooperation as binding. The government's goal is to conclude and sign at least 12 TIEAs by this autumn and to advance negotiations on additional double taxation agreements.
A comprehensive report in our Intelligence Report series, examining in depth the situation of offshore transparency and secrecy in a number of the most prominent jurisdictions, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report2.asp
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