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Updated Friday, March 12, 2010 11:06 am TWN, AP

Bahamas removed from International tax haven list

NASSAU, Bahamas -- The Bahamas has been removed from an international list of uncooperative tax havens by signing information exchange pacts with several Nordic nations. Pascal Saint-Amans is a spokesman for the Paris-based Organization for Economic Cooperation and Development, which is leading a global fight against tax havens.

He says the group on Wednesday promoted the Bahamas to its list of countries that comply with international tax standards. The change was made hours after Nassau signed tax information exchange pacts with Norway, Sweden, Finland, Denmark, Iceland, Greenland and the Faroe Islands. In recent months, the Bahamas has forged tax treaties with 11 other nations, including China and the United States.

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