Facebook
Ramish and Leela
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 2215 times Last modified on Wednesday, 06 December 2017 21:48
  • C SPORTS
  • C SPECIALS
  • Press Releases
It's the first full day of competition at the 2018 CAC Games in Barranquilla, Colombia, and several of our athletes
All roads lead to the Hasely Crawford Stadium tonight, for the final of the First Citizens Cup set for a 7pm kickoff.
Police Rugby Club made a strong start to the TT Rugby Football Union's (TTRFU) five-stage Women's Division Rugby Season
A fine batting display by Stacy-Ann King was not enough to help her team, Trident Sports Phoenix, avoid defeat against
The United States Embassy in collaboration with the Chaguanas Borough Corporation recently brought its four stop sports
Whenever there is a new sport in town, we at C Sport are all about giving it a try, and this was the case recently as
  • 1
  • 2
bottom
Top