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Nordic cooperation a pioneering model for international tax management

Tuesday, 01 November 2011
The Nordic cooperation has worked strategically well to conclude agreements with so-called tax havens to receive information from them on people who might have bee hiding resources away from the local treasury. Their move has been deemed very successful such that it has been proposed as a model for other OECD countries.


The issue is being discussed on Tuesday morning in conjunction with the Nordic Council in Copenhagen.
It was in 2006 that the Nordic countries decided to join forces and together put pressure on tax havens like the Cayman Islands, Bermuda and the Netherlands Antilles.

By partnering, it has gained a stronger position, managed to coordinate the negotiations and brought down the cost of negotiations.
Until December 9 last year, the countries in the Nordic countries concluded at least 28 information exchange agreements with various tax havens and more contracts are expected soon, which is seen as a great success and which has also attracted international attention.

Only the U.S. and France have been less successful, something that led to the presentation to the OECD, the Nordic approach as a pioneering model of how member countries can cooperate on tax issues internationally.
By Team

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