Botswana ups drive to shed 'tax haven' label

Last week, Botswana signed Tax Information Exchange Agreements (TIEAs) with Guernsey in London.Arrangements are being made to sign a similar agreement with The Isle of Man soon. This follows February's agreements with six other European countries, signed in France. 

The conclusions of the eight agreements this year are in response to an on-going review by the Global Forum on transparency and exchange of information for tax purposes following revelations that some of Botswana's laws have deficiencies which could hamper the country's ability to exchange information for tax purposes.