BVI and Cayman Elevated to OECD "White List"

The British Virgin Islands (BVI) and the Cayman Islands each signed a Tax Information Exchange Agreement (TIEA) on 13 August 2009 with New Zealand, bringing to 12 the number of such agreements they have each now concluded. Each jurisdiction has, as a consequence, been upgraded to the “White List” as compiled by the Organisation for Economic Co-Operation and Development (OECD).