According to the OCED official website then Costa Rica, Uruguay, Philipines and Malaysia will exchange tax information with other OECD member countries, which makes those countries as offshore banking countries less attractive.
Companies HouseThe OECD welcomes recent commitments to the internationally agreed tax standard on exchange of information made by Costa Rica, Malaysia, Philippines and Uruguay. These were the four jurisdictions surveyed by the OECD Global Forum which had not made commitments as of the 2nd April. They have now officially informed the OECD that they commit to co-operate in the fight against tax abuse, that this year they will propose legislation to remove the impediments to the implementation of the standard and will incorporate the standard in their existing laws and treaties.
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