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Cyprus PIO: News Update in English, 00-06-28

Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article

From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>

Wednesday, 28 June 2000


CONTENTS

  • [01] Cyprus excluded from OECD black list


[01] Cyprus excluded from OECD black list

Cyprus' Finance Minister Takis Klerides has welcomed the exclusion of Cyprus from an OECD list naming tax havens applying harmful tax practices.

"We have committed ourselves to taking all those measures necessary to exclude us from the black list of the organization. This was a difficult decision but the right decision," the Minister said, pointing out that the repercussions on Cyprus would have been far greater if it were included in the black list.

He added that Cyprus will continue to offer services as an offshore centre for international activities and hopes not only to retain the units it has but also to increase their number.

Speaking on his departure for Paris to attend the symposium of the Organisation for Economic Development and Cooperation (OECD) Paris which starts today, Mr Klerides said this is an honour for Cyprus and the first time the island has been invited to such a meeting.

The meeting will deal with matters of interest to us, such as harmful tax practices, he said.


From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/


Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article
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