Barbados Joins OECD Tax Agreement, Bringing Total to 133 Nations

Barbados signed on Thursday to an OECD agreement to overhaul the global tax system, bringing the number of countries participating in the agreement to 133.

The move brings the Organization for Economic Cooperation and Development closer to having all 139 countries that participated in the negotiations sign onto the deal. Six holdouts remain—Estonia, Hungary, Ireland, Kenya, Nigeria, and Sri Lanka.

Grace Perez-Navarro, deputy director of the OECD’s Center for Tax Policy and Administration, said last month that all of the holdouts, who at that time included Barbados, have indicated they plan to continue negotiations, and she expected that ...