in Paris Bermuda could still face sanctions from international financial watchdogs, The Royal Gazette has learned.

And a spokesman for the Organisation for Economic Cooperation and Development (OECD) said the group had no objection to the controversial document detailing what Bermuda had to do to toe the line on tax practices being released.

A total of six countries -- including Bermuda -- have pledged to work to stay on the right side of the financial fence, while a further 15 have not.

But the OECD official said: "The list is not a list of non-respectable jurisdictions -- nor is the list of six published respectable.

"Six have given a commitment and the others have not, but we would like them to do so.'' Bermuda's letter of intent was published in The Royal Gazette last week.

But Finance Minister Eugene Cox -- despite calls from Island business figures and Shadow Finance Minister Grant Gibbons -- has refused to reveal an annexe detailing what Bermuda had to do by the 2005 deadline to keep on the right side of the international financial fence.

The OECD official said: "These are not being published by the OECD -- if anyone wants to see them they have to ask the governments themselves.'' And -- when asked if the OECD would have objections to annexes being disclosed -- the OECD spokesman said: "Of course not.'' He added he did not know if any of the other five listed with Bermuda had opted for the transparent approach and revealed what they were expected to do to keep in line with the international drive to isolate shadowy tax havens.

Last week, the Cayman Islands published its annexe, although it is understood to be different from Bermuda's.

The official was speaking yesterday as a two-day joint OECD/French Finance Ministry meeting kicked off in Paris.

According to a schedule for the conference, the first day's discussion included a discussion on "practical issues affecting the choice between taxation of capital, taxation of labour and taxation of consumption and debate over the "possible effects of e-commerce on tax competition''.

According to OECD sources, countries which fail to meet the five-year timetable to get in line with international demands face tough times.

Sanctions which could be imposed include; Withholding taxes being slapped on some payments to residents of unco-operative tax havens; A refusal to enter into tax treaties with unco-operative jurisdictions -- with consideration given to existing ones being axed and; "Substantial penalties'' for "inaccurate reporting or non-reporting'' of transactions.

But the OECD official insisted: "We are not using the word `sanctions'.

"These measures are not intended as sanctions, rather they are described as defensive measures.''