Thu | Jan 17, 2019

EU diplomat defends tax haven list

Published:Wednesday | June 24, 2015 | 12:00 AM

EU diplomat defends tax haven list

A senior European Union Monday maintained that the decision to release the list of international tax havens should not be regarded as an attempt to blacklist any country.

Head of the European Union Delegation to Barbados and the Eastern Caribbean, Mikael Barford said "the criteria may not be blacklisting, in a traditional sense, as it is very often perceived", while speaking at a forum for senior representatives of employers' organisations in the English- and Dutch-speaking Caribbean.

"It could even show what a specific EU member state believes are low tax rates or a harmful tax regime ... that is something that these countries need to find out," the diplomat said.

Barford said it was "not likely" that the credit ratings or private investments would be affected for Caribbean countries on the EU list.

"The approach had a totally different purpose and is geared towards improving a harmonised EU assessment in the future," he said.