BARBADOS and other Caribbean countries appearing on a European Union (EU) blacklist of 30 “uncooperative” tax havens are not likely to suffer any consequences for credit ratings or private investments as a result of the listings.
Head of the European Union Delegation to Barbados, Ambassador Mikael Barfod, expressed this opinion yesterday based on the background and approach to compiling the list. But he suggested it was in the interest of the affected countries to contact EU member states that have named them as “uncooperative” to find out why and to establish “what were the precise criteria”.
Barfod made it clear the blacklisting had resulted from assessments by individual European states and not through “any new assessment by the European Union”.
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