OECD cleans tax haven blacklist

The Organisation for Economic Co-operation and Development (OECD) has removed all four countries from its blacklist of tax havens.



The blacklist published last week included Costa Rica, Malaysia, the Philippines and Uruguay.



OECD chief Angel Gurria says all four countries have now agreed to adopt its regulations.



The list was a part of efforts agreed at the G20 summit to clamp down on non-cooperative tax havens.



The leaders agreed in London to take sanctions against tax havens, using the OECD list as its basis.