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Trinidad and Tobago Cleared from OECD Tax List

2/10/2025

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Summary

Story summary

Trinidad and Tobago has celebrated a major victory, as Finance Minister Colm Imbert announced the country's removal from the OECD's Forum on Harmful Tax Practices list. By transitioning from Free Trade Zones to Special Economic Zones and implementing a 15% global tax rate on multinationals, the nation is on track to meet OECD standards by 2025 through comprehensive legislative reforms.

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Story summary

Trinidad and Tobago has celebrated a major victory, as Finance Minister Colm Imbert announced the country's removal from the OECD's Forum on Harmful Tax Practices list. By transitioning from Free Trade Zones to Special Economic Zones and implementing a 15% global tax rate on multinationals, the nation is on track to meet OECD standards by 2025 through comprehensive legislative reforms.