Dunne: NZ signs three more tax info agreements
New Zealand has signed tax information exchange agreements (TIEAs) with another three tax jurisdictions, Revenue Minister Peter Dunne announced today.
TIEAs were signed with the Cayman Islands and the British Virgin Islands in Washington DC overnight New Zealand time, while a TIEA with Gibraltar was signed at a ceremony in London.
TIEAs are bilateral treaties that provide for full exchange of information on civil and criminal tax matters between two countries.
"Recent months have seen a flurry of TIEA signings internationally, as low-tax offshore financial centres seek to achieve a sufficient number of TIEAs to allow them to be seen as meeting the OECD's standards for transparency and information exchange." Mr Dunne said.
"I welcome the signing of this latest group of TIEAs, which brings to eight the number of these agreements New Zealand has entered into this year," Mr Dunne said.
The new TIEAs will come into force once the countries involved in each agreement have given legal effect to them.
The three latest agreements are available at www.taxpolicy.ird.govt.nz
Mark Stewart - Press Secretary, Office of Hon Peter Dunne
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