Iceland, along with Denmark, Greenland, the Faroe Islands, Finland, Norway, and Sweden, signed an agreement with Jamaica on information exchange in the fight against tax evasion at the Danish Embassy in Paris today. Jamaica is the 40th country with which the Nordic countries have made such an agreement.
Through the agreements, the Nordic countries have reportedly been able to collect sums of money in taxes, much of it voluntarily, according to a statement on the website of the Nordic Council of Ministers.
The agreement with Jamaica allows the Nordic tax authorities to access information on individuals and companies which attempt to avoid paying tax on incomes and capital investments.
The agreements are entered into on a bilateral basis but are subject to being passed by the national parliaments of each country.
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