Taxation in Belize

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The world’s so-called tax havens have come under increasing scrutiny from politicians in recent weeks.

When antivirus software inventor John McAfee relocated his life and business interests to Central America in 2007, he ended up getting more than the tropical paradise of a tax shelter he’d bargained for.

The National Assembly has adopted a series of 9 Tax Information Exchange Agreements (TIEAs), bringing to 12 the total number of agreements signed with mostly European nations, following a threat of economic sanctions by the G-20 nations earlier this year.

The Australian Government has signed eight new bilateral Tax Information Exchange Agreements (TIEA) in a concentrated effort to enhance global tax transparency and reduce offshore tax evasion.

Avoiding the UK’s tax regime is set to become more difficult after the government announced a new agreement with Belize.

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