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Apr 09Costa Rica removed from Tax Haven List
With the incursion of Costa Rica in the black list of Tax Haven countries divulged shortly after the G20 summit in first weeks of the present month, the local Bank and Financial media immediately sought after the removal by placating the Organization of Cooperation and Economic Development (OCED) with direct measures that would no longer permit for the shady habitat of evasion and fraud which has characterized our country in recent years.
According to Guillermo Zuniga – minister of the local entity in charge of tax regulations and affairs- “Costa Rica cannot unattend it`s responsibilities with its international peers in matters of taxation; much less risk our position before the financial international community”.
A compromise was thus pledged on April 3rd and our country was succinctly erased from such uneasy list in which we joined Uruguay, Malaysia and the Philippines.
New law acts have been presented before our legislative body to further promote a healthier taxation scenario which would also guarantee our stand as efficient and reliable destination of offshore investment.