Financial Transparency Coalition

Abuja — Federal Government on Tuesday declared that despite the achievements recorded, the sector still has a lot of challenges to battle with.

LONDON -- In the latest development in the global crackdown on tax havens, two of the world's biggest offshore financial jurisdictions were scheduled on Thursday, to sign their 12th Tax Information Exchange Agreements (TIEA), officially taking them off the "grey list" of offshore tax havens put together by the Organization for Economic Cooperation and Development.

The countries of Liechtenstein and the United Kingdom agreed to a tax information exchange treaty on August 11, 2009. Attached is the summary of the Agreement.

Bloomberg -- The U.K. and Liechtenstein agreed to a tax arrangement that allows British investors in the principality to declare their holdings voluntarily, providing a possible model for treaties seeking to combat tax havens.