Saint Lucia Removed from EU List of Non-cooperative Jurisdictions
February 25, 2021
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PRESS RELEASE Saint Lucia was officially removed from the European Union (EU) list of non-cooperative jurisdictions, for tax purposes on February 15th, 2021.
Saint Lucia first appeared in Annex I (the blacklist) in December 2017 but was subsequently placed in Annex II (the grey-list) in March 2018, after committing to address the deficiencies highlighted by the European Union Code of Conduct Group (EU-CoCG), as they relate to the international business sector.
Over the past few years, the Government has worked diligently to meet the requirements of the EU-CoCG and engaged in discussions with various stakeholders and international bodies. This process was extremely onerous, however the authorities and technocrats maintained the momentum and worked diligently to ensure that the goal of being delisted by the EU was achieved.
Dec 15, 2020
Prime Minister Announces Members of the Economic Recovery Advisory Team
Prime Minister John Briceño today announced the members of the Economic Recovery Advisory Team. These members are tasked with getting the economy back on track. A working group of fourteen business professionals will make recommendations to engineer sustainable, economic activity going forward. A government press release says the team will also make recommendations to “protect and create jobs and successfully emerge from the current economic crisis stemming from the 2019 U.D.P. administration recession, the COVID-19 pandemic, weather-related shocks, and the resulting collapse of the tourism and other sectors of the economy.” The team will be co-chaired by the C.E.O. in the Ministry of Finance Christopher Coye and Sean Feinstein who will be representing the tourism industry. The Agro-Productive Sector will be represented by Gilbert Canton Junior while Reynaldo Magaña represen