Facebook
go here
cnews
Wednesday, 06 December 2017 20:01

PM Responds To T&T Being On EU Blacklist

Written by
Rate this item
(1 Vote)

The Prime Minister also answered questions relating to this country being blacklisted from the European Union because of this country's non-compliance with good governance principles and measures against tax evasion and tax avoidance.

Addressing the issue in Parliament, Dr. Rowley said the Attorney General will address the matter in the coming weeks. Reports showed this country was one of 17 to be placed on a blacklist of tax havens.

Other Caribbean countries blacklisted include Saint Lucia and Barbados.

EU Tax Commissioner Pierre Moscovici said the blacklist represented "substantial progress", adding: "Its very existence is an important step forward. But because it is the first EU list, it remains an insufficient response to the scale of tax evasion worldwide."

To determine whether a country is a "non-cooperative jurisdiction" the EU index measures the transparency of its tax regime, tax rates and whether the tax system encourages multinationals to unfairly shift profits to low tax regimes to avoid higher duties in other states. 

In particular, these include tax systems that offer incentives such as 0% corporate tax to foreign companies.

Read 1989 times Last modified on Wednesday, 06 December 2017 21:48
  • C SPORTS
  • C SPECIALS
  • Press Releases
Guaya United's Carlon Hughes was named MVP of the Trinidad and Tobago Super League at its End-of-Season Awards on
Several of this country's national footballers will come together for a two-legged charity match featuring the best of
The Southeastern community of Guayaguayare exploded into celebration on Tuesday evening after their team Guaya United
Minnesota United star Kevin Molino is back home after his third season in Major League Soccer. The T&T
The Matthew Pierre Basketball Academy and Police both took Game 1, in their respective finals in the Mayaro Basketball
World Boxing Council official Buxo Potts has called for a discussion with Minister of Sports Darryl Smith on the way
  • 1
  • 2
bottom
Top