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Spain Removes Barbados From Blacklist

by Mike Godfrey, Lowtax.net, Washington
18 August, 2015

Following a protest from Barbados's Ministry of International Business, Spain has removed Barbados from its tax blacklist.

Barbados's International Business Minister, Donville Inniss, praised the move and said it was his hope that other countries would follow suit.

Inniss said: "Barbados currently has 34 double taxation agreements (DTAs) and this to my mind adds great value to our international business sector. Also, we are expecting a DTA with Italy and, over the next few weeks, formal negotiations on a tax treaty with Cyprus will commence in London, England."

Inniss also indicated that the territory is undertaking bilateral discussions with those EU member states that still have Barbados on their lists.

He noted that Bulgaria, Croatia, Estonia, Finland, Greece, Italy, Latvia, Lithuania, Poland, Portugal, and Slovenia had been sent diplomatic notes to ensure they are aware of the "errors" in their listing; to formalize tax treaty relations with them; and to endeavor to have the island removed from their lists.

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