OECD enforces new tax measures

The Organisation for Economic Co-operation and Development (OECD) said it is now moving to the enforcement phase of its crack down on tax havens.



At their meeting in London in April, world leaders agreed to clamp down on tax evasion and banking secrecy, and asked the Paris based organisation to publish lists of tax havens.



The OECD said it will now focus on assessing the extent to which the standards are met in practice, and seek to close loopholes in implementation.



There are now 59 countries on the OECD\'s so-called \'white list\' , having implemented internationally agreed tax standards.



28, including Caribbean countries, remain on the grey list, having committed to the standards without fully implementing them.