HomeNewsBriefCosta Rica Removed from Tax Haven "Grey List"
BRIEF

Costa Rica Removed from Tax Haven "Grey List"

COSTA RICA / 7 JUL 2011 BY JEN SOKATCH EN

The Organization for Economic Cooperation and Development (OECD) removed Costa Rica from its “grey list” of tax havens after signing its 12th international agreement to exchange tax information in Paris last week.

The 35th country to obtain this classification, Costa Rica has now signed agreements with France, the Netherlands, Mexico, Australia, Denmark, Finland, Greenland, the Faroe Islands, Iceland, Norway and Sweden, according to La Prensa.

The OECD’s “grey list” has traditionally been reserved for countries that have committed to change, but still lack the transparency or governmental institutions to do so.  Guatemala and Uruguay still remain on that list. Other Latin American countries are making progress as well.  Panama was also removed from the OECD’s “grey list” after signing its 12th international tax agreement with France.

Costa Rica has been an important transit point not only for cocaine shipments but also for illicit financial transactions according to the International Narcotics Control Strategy Report on financial crimes published a few months ago.  Its removal from the OECD’s list of tax havens may indicate further progress in its battle to confront other financial crimes.

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

Related Content

ELITES AND CRIME / 22 JUN 2023

Presidential frontrunner Edmond Mulet has run on a promise of change. But ties to candidates accused of corruption cast doubt…

DOMINICAN REPUBLIC / 7 SEP 2022

President Luis Abinader has vowed to root out corruption in the Dominican Republic. But this is much easier said than…

COCAINE / 9 DEC 2022

Panama has become a reliable drug trafficking logistics hub for cocaine shipments to Europe, as in the recent Super Cartel…

About InSight Crime

THE ORGANIZATION

InSight Crime Cited in New Colombia Drug Policy Plan

15 SEP 2023

InSight Crime’s work on emerging coca cultivation in Honduras, Guatemala, and Venezuela was cited in the Colombian government’s…

THE ORGANIZATION

InSight Crime Discusses Honduran Women's Prison Investigation

8 SEP 2023

Investigators Victoria Dittmar and María Fernanda Ramírez discussed InSight Crime’s recent investigation of a massacre in Honduras’ only women’s prison in a Twitter Spaces event on…

THE ORGANIZATION

Human Trafficking Investigation Published in Leading Mexican Newspaper

1 SEP 2023

Leading Mexican media outlet El Universal featured our most recent investigation, “The Geography of Human Trafficking on the US-Mexico Border,” on the front page of its August 30…

THE ORGANIZATION

InSight Crime's Coverage of Ecuador Leads International Debate

25 AUG 2023

This week, Jeremy McDermott, co-director of InSight Crime, was interviewed by La Sexta, a Spanish television channel, about the situation of extreme violence and insecurity in Ecuador…

THE ORGANIZATION

Human Rights Watch Draws on InSight Crime's Haiti Coverage

18 AUG 2023

Non-governmental organization Human Rights Watch relied on InSight Crime's coverage this week, citing six articles and one of our criminal profiles in its latest report on the humanitarian…