Tuesday, April 23, 2024

EU spells out “list” policy

Date:

Share post:

ONLY THE COUNTRIES that do not cooperate with the European Union’s attempt for clarity on their tax policy will remain on a blacklist, expected to be sorted out by year-end.

Aldo Dell’Ariccia, Head of Division of the Mexico, Central America and Caribbean with the European External Action Service, reiterated that for the time being the old 2015 list of Caribbean countries with black marks against their names was no longer valid while the regional governments and the European Commission were in talks.

He conceded that the talks were taking place because the EU had realised that the way the list first came about was not “very friendly” and that small countries without raw materials had to select the ways for their economic development.

“ . . .We hope that at the end of the day, at the end of the year when this process will be completed there will be no need to put any country on a list knowing that the list will be only of those countries that refused to cooperate with the European Union . . . and refused to provide information which is necessary in order to have complete transparency and clarity on the processes which are developing in the country in terms of taxation, banking,” he told a group of Caribbean journalists yesterday in Brussels. (AC)

Please read the full story in today’s Saturday Sun, or in the eNATION edition.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Death rates up

Barbados’ population is officially in decline as the number of people dying each year surpasses those being born. That...

CDB boss steps down with ‘immediate effect’

BRIDGETOWN – President of the Barbados-based Caribbean Development Bank (CDB), Dr Hyginus ‘Gene’ Leon, has resigned with “immediate...

St Michael man remanded on 14 charges

A 23-year-old St Michael man was remanded to Dodds Prison after appearing in court to answer 14 charges. Raheem...

Dust haze advisory remains in effect for Barbados

A large plume of is currently affecting the island, with concentrations expected to decrease from midweek. The Barbados Meteorological...