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Barbados To Contest Tax Blacklist Placement

by Mike Godfrey, Lowtax.net, Washington
26 September, 2016

Speaking ahead of an OECD meeting to be held in Paris, Barbados's International Business Minister said he would vehemently challenge the suggestion that Barbados should be placed on an EU tax blacklist.

Speaking on September 22, Donville Inniss said he would head a delegation comprising staff from his Ministry's International Business Division and the Barbados Revenue Authority. He said his delegation and those from other Caribbean territories would contest any finding that they are not cooperative in tax matters.

Inniss was talking ahead of the meeting of the OECD's Global Forum, which comprises 135 members states and jurisdictions and was created for territories to assess one another's progress on their adherence with international tax transparency standards.

Innis said he and his team had already started the consultative process to "protect Barbados's name and reputation as a transparent and well-regulated jurisdiction."

While in Paris, the delegation will attend the Global Forum's Steering Group meeting, of which Barbados is Vice Chair, and, according to Inniss, represent the "voice of small states engaged in international financial services."

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