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Gibraltar retains second highest OECD rating for tax transparency

By John Smith • Published: 01 Sep 2020 • 14:41

DESPITE regular allegations by Spain and some other countries that Gibraltar is a ‘tax haven’, the Gibraltar Government has just released the latest assessment by the OECD which suggests that it is ‘largely compliant’ and has the same status as Germany, Spain, United Kingdom and USA.

The Organisation for Economic Co-operation and Development is an intergovernmental organisation founded in 1961 which appoints expert tax assessors from its member states who review the tax situation of mainly developed countries around the world.

The latest review of tax of the Rock saw these experts visit Gibraltar to investigate the situation and to discuss financial matters with both public bodies and local businesses.

The result of the latest review was that Gibraltar once achieved the second-highest OECD rating which puts it on par with those countries mentioned above.

Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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