Regional governments urged to implement policies urgently to deal with EU concerns

CASTRIES, St. Lucia, Mar 23, CMC – The St. Lucia-based The Caribbean Association of Banks Inc. (CAB) is calling on regional governments to “carefully assess the deficiencies” identified by the European Union for the reasons behind its decision to rate a number of Caribbean Community (CARICOM) countries as tax havens.

In a statement, the CAB said that it is “deeply concerned” at the recent inclusion of Caribbean territories on the European Union Commission’s (EU) list of non-cooperative jurisdictions for tax purposes.

It said the list names countries which have not displayed sufficient commitment to the tax standards identified by the EU.Read More..

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