Saint Kitts and Nevis, Saint Vincent and the Grenadines, and Anguilla have signed a further 14 tax information exchange agreements collectively.

This means that each of these jurisdictions has now signed at least 12 such agreements that meet the internationally agreed tax standard, and accordingly have moved into the category of jurisdictions that are considered to have “substantially implemented the standard”.

St Kitts and Nevis, and St Vincent and the Grenadines signed agreements with the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden.

St Kitts and Nevis already had agreements in place with Australia, Monaco, the Netherlands, the Netherlands Antilles, Aruba, the UK, Denmark, Belgium, New Zealand and Liechtenstein.

St Vincent and the Grenadines, meanwhile, have agreements with Australia, Austria, Denmark, the Netherlands, Aruba, Liechtenstein, Belgium, Ireland, the UK and New Zealand.

Anguilla signed agreements with Australia and Germany, adding to 11 agreements it has with the UK, Ireland, the Netherlands, New Zealand and seven Nordic economies.

All of these jurisdictions are members of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, and have agreed to a peer review of their laws and practices on this area.