4 Countries on Tax Haven List Pledge to Comply

PARIS — Costa Rica, the Philippines, Malaysia and Uruguay are now off a black list of countries that have not committed to the internationally agreed tax standards.

The four countries named on the Organization for Economic Cooperation and Development's list of tax havens have pledged to commit to an exchange of information with the group, according to the OECD’s Angel Gurria.

"The four jurisdictions have now made full commitment to exchange information," Gurria said at a press conference Tuesday in Paris.

The announcement could catch businesses — including numerous adult companies — that are based in those countries off-guard.

Two major fears emerge with the announcement: One concern is paying a double tax on money earned outside the former tax haven.

And the second concern has to do with the transparency of the tax process. In order to enforce any overseas tax measure, tax officials would have to have access to income and banking records in the U.S. Canada and in whatever other countries ex-patriots hold accounts.

* * *

COUNTRIES AND THEIR FINANCIAL OPENNESS

The Organization for Economic Cooperation and Development has published a report on progress by 84 countries and territories toward financial openness on the exchange of tax information.

The OECD divides countries into three categories: those that comply with rules on sharing tax information (white list), those that say they will but have yet to act (gray list), and nations that have not yet agreed to change banking secrecy practices (blacklist).

Gray List

Costa Rica, Malaysia, Philippines and Uruguay were added Tuesday after being taken off blacklist.

As well as: Andorra, Anguilla, Antigua and Barbuda, Aruba, Bahamas, Bahrain, Belize, Bermuda, British Virgin Islands, Cayman Islands, Cook Islands, Dominica, Gibraltar, Grenada, Liberia, Liechtenstein, Marshall Islands, Monaco, Montserrat, Nauru, Netherlands Antilles, Niue, Panama, St. Kitts and Nevis, St. Lucia, St. Vincent & Grenadines, Samoa, San Marino, Turks and Caicos Islands, Vanuatu.

The following gray list countries haven't fully implemented the rules, but do not fit the classic definition of tax havens: Austria, Belgium, Brunei, Chile, Guatemala, Luxembourg, Singapore and Switzerland.

White List

Argentina, Australia, Barbados, Canada, China (excluding Hong Kong and Macau), Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Japan, Jersey, Korea, Malta, Mauritius, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Russia, Seychelles, Slovak Republic, South Africa, Spain, Sweden, Turkey, United Arab Emirates, Britain, U.S. and the U.S. Virgin Islands.

Blacklist

None.

Unlisted

Hong Kong and Macau are referred to as special administrative regions of China that the OECD says "have committed to implement the internationally agreed tax standard."

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Kitana Montana Makes Directorial Debut With New DVD Release

Kitana Montana has made her directorial debut with her new DVD release, “Goddess Cuckold.”

Jason Luv on Balancing Stardom, Strength and Self-Mastery

For Jason Luv, it all started with being in the right place at the right time. “Vixen Media Group was looking for new male talent,” he recalls. “They found me from a previous modeling shoot and reached out. That’s where my career began.”

Nata Gold, Zazie Skymm Star in Latest From MixedX

Nata Gold and Zazie Skymm star in the latest release from MixedX, titled “Love Me or Hate Me.”

British Documentary Spotlights XBIZ Amsterdam With Candid Conversations

British creator and host Josh Pieters traveled to XBIZ Amsterdam to film a documentary about the annual European adult industry conference.

Zariah Aura, Emma Rosie Front Latest From TransAngels

Zariah Aura and Emma Rosie star in the latest release from TransAngels, titled “Trick or Treating Ourselves.”

Krystal Sparks Stars in Latest Release From TeamSkeet

Krystal Sparks stars with Joshua Lewis in the latest scene from TeamSkeet’s “Freeuse” series, titled “Suck My Cock, Stepmom! Captain’s Orders!”

Frenchy Makes Her WIFEY Debut

Frenchy stars with her husband Bruce in the latest release from Vixen Media Group studio imprint WIFEY.

Gia Derza Toplines Bryan Gozzling's 'Hookup Hotshot: Internet Sex Addicts Volume 4'

Gia Derza headlines director Bryan Gozzling’s “Hookup Hotshot: Internet Sex Addicts Volume 4” from Evil Angel.

XBIZ 2026 to Debut 'New Talent Go-See' Special Event

XBIZ 2026, North America’s premier adult industry conference, will debut a special event designed to help new talent jump-start their careers: the New Talent Go-See.

Octavia Red on Channeling Loss, Love and Liberation Into Her Craft

Octavia Red makes no bones about her life before porn. “I was working a shitty little casino job, getting sexually harassed by toothless drug dealers,” she recalls. “And they don’t even tip!”

Show More