Dominica Commits to the Principles of Transparency and Effective Exchange of Information

06/03/2002 - The OECD is pleased to announce that The Government of the Commonwealth of Dominica (hereinafter referred to as Dominica) has made a public statement to commit to transparency and effective exchange of information for tax matters with OECD countries by 31 December 2005. The OECD looks forward to working with Dominica and encourages other jurisdictions to come forward with similar commitments.

Dominica will therefore not be considered for inclusion in the list of unco-operative jurisdictions.

Dominica will be invited to participate, together with other committed jurisdictions and OECD Member countries, in meetings of the OECD's Global Forum to discuss the design of standards for the implementation of these commitments. The OECD will continue to engage in discussions with other jurisdictions interested in co-operating to address the issues raised by harmful tax practices.

The full text of the commitment is available on the OECD's website
(see http://www.oecd.org/EN/document/0,,EN-document-103-nodirectorate-no-21-4393-22,FF.html).

For further information, journalists are invited to contact Nicholas Bray in the OECD's Media Relations Division (tel. [33] 1 45 24 80 90).