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Costa Rica boosted by removal of tax haven status

Tuesday, August 9, 2011

\ The removal of Costa Rica from the list of the world’s tax havens will boost foreign investment and boost the nation’s image in business terms.\ \ Until recently, Costa Rica was considered by the Organization for €conomic Cooperation and Development as a tax haven. But it changed its status by concluding a series of agreements to exchange tax information with other countries.\ \ For foreign companies, the change is significant. They can face economic sanctions that penalize tax evasion.\ \ Original source (in Spanish): La República\ \ \ \ \