St Kitts is a nil tax haven - no income / corporation or capital gains tax
St. Kitts, recently signed an agreement with the OECD Global Forum Working Group on Effective Exchange of Information (“the Working Group”). The Agreement represents the standard of effective exchange of information for the purposes of the OECD’s initiative on harmful tax practices.
ST. Kitt´s has signed information exchange agreements in 2009 with: New Zealand, Netherlands Antilles, Aruba, Denmark and The Netherlands.
Automatic exchange of information (also called routine exchange by some countries) involves the systematic and periodic transmission of “bulk” taxpayer information by the source country to the residence country concerning various categories of income (e.g. dividends, interest, royalties, salaries, pensions, etc).
Recent bilateral agreements, 2009 (by date of signature)
Ecuador has no intentions of signing any tax treaties with the tax cops. Other countries who are not signing are as follows: Russian Federation, Venezuela, Bolivia, Brazil, Cuba, Saudi Arabia, Oman, Abu Dabi, Qatar, Ukraine, Lithuania, Nigeria, North Korea, Iraq, Iran, Suriname. Ghana, Egypt, Jordan, Jamaica, Lebanon, Syria, Libya, North Korea, Yemen, Oman, Afghanistan, Pakistan, Romania, Bulgaria, Uzbekistan, Kazahkstan, Georgia, Azerbaljan, Turkmenistan, Peru, Paraguay, Thailand, Indonesia, Vietnam, and many African under developed nations. In only 5 countries the tax authorities do not have access to suspicious transaction reports.
Panama is not signing anything. Panama is one of the very few countries in the world that has never signed any sort of tax treaty. No TIEA, no double taxation, no tax treaty of any sort. In Panama all tax offenses are civil including tax fraud. When one country requests information relating to a crime, there is a principle applied called dual criminality. Dual criminality means that the crime in question must be a crime in both countries. The dual criminality provisions provide safeguards to prevent abuses. Since Panama has no crimes pertaining to taxes this is not an issue in Panama.
