Grenada has been removed from the European Union’s (EU) list of non-cooperative tax jurisdictions.
Seven other countries, including fellow Caribbean Community (CARICOM) member state Barbados, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates, have also been moved to a separate category of jurisdictions, subject to close monitoring.
The council today met and agreed that a delisting was justified in the light of an expert assessment of the
Commitment made by these jurisdictions to address deficiencies identified by the EU.
In each case the commitments were backed by letters signed at a high political level.
Today’s decision was taken without discussion at a meeting of the economic and financial affairs council, by means of an amendment to its December conclusions.
Nine countries, including St. Lucia and Trinidad and Tobago, remain on the EU blacklist.
The EU’s list is intended to promote good governance in taxation worldwide, maximizing efforts to prevent tax avoidance, tax fraud and tax evasion.
