OECD Releases MOU on Harmful Tax Practices

On November 23, 2000, the Commonwealth Secretariat announced that high-level multilateral talks on harmful taxation practices are to be held in Barbados on January 9 to 10, 2001. The announcement explained that this decision was taken after consultations between the Commonwealth Secretariat, the Organization for Economic Co-operation and Development (OECD) and the Government of Barbados. The meeting, which will be chaired by Barbados Prime Minister Owen Arthur, will provide a forum for multilateral dialogue between the OECD and other jurisdictions on harmful tax practices. According to the Commonwealth Secretariat, its goal will be to consider early confidence building measures, and develop a shared perspective on the way forward, in the wake of recent moves by OECD countries designed to facilitate dialogue with jurisdictions outside the OECD…[more]