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Tax Haven

Five days after being blacklisted for not committing to the international tax standards, the country’s Finance Ministry announced that it will take steps necessary to comply.

Costa Rica was taken off the list on Tuesday when officials with the OECD evoked a commitment for improved exchange of tax information.

This means simply that you cannot any longer hide your money in the Costa Rica banks and avoid paying taxes.  IRS can now find you in Costa Rica since this information is shared at all levels of the government and banking industry.

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