Barbados to ‘get break’ from tax blacklist
Article by December 10, 2020
Barbados has scored an apparent breakthrough in its fight to get the European Commission to remove the island from its blacklist of non-cooperative tax jurisdictions, according to Minister of International Business Ronald Toppin.
He told
Starcom Network radio on Wednesday that Barbados’ application to the Paris-based club of rich countries, the Organisation for Economic Cooperation and Development (OECD), for a “supplementary review” of the measure has been approved.
He explained: “This means and was stated by them in writing to us, that once the OECD agrees to grant us that supplementary review, then we are removed from their blacklist, this is, the blacklist of the European Union and placed on the grey list pending the outcome of that Supplementary Review.