The British Virgin Islands and the Cayman Islands have signed a tax information sharing agreement with New Zealand, in a move that brings the number of tax agreements the islands have to 12. Both jurisdictions have now moved into the Organisation for Economic Cooperation and Development category of 'Jurisdictions that have substantially implemented the internationally agreed tax standard'. Director of the OECD's Centre for Tax Policy and Administration, said: 'Today the British Virgin Islands and the Cayman Islands take their place alongside other countries that have substantially implemented the internationally agreed tax standard. Six jurisdictions have moved into this category since April. We look forward to working further with the British Virgin Islands and Cayman Islands as they extend their network of agreements and work to swiftly and effectively implement them.'