SVG To Abolish Harmful Tax Regimes By End Of 2018

St Vincent and the Grenadines is among jurisdictions who have agreed with the European Union to “amend or abolish” harmful tax regimes by the end of 2018.

According to a release by the EU last week, The Council has commitments from several countries to comply with “good governance” principles, part of the requirement to avoid being deemed tax havens by the bloc.

The countries agreed to adopt measures intended to either increase transparency or end regimes the EU determined were harmful.

Antigua and Barbuda, Curaçao, Dominica, Grenada have agreed to implement the automatic exchange of information by the end of 2018.

2 Comments

  1. Why don’t they go after the USA, which is by far the biggest tax-haven on earth? There are certain things the USA and their close allies are allowed to do but no other country is allowed to do. Consider that Israel has Nuclear Weapons but are allowed to deny it and thus suffer no punishment for non-compliance to the nuke non-proliferation treaty. Consider US Athletes are allowed to use practically any performance-enhancing drugs in International competitions but if anyone even hints at the Russians doing so (without any evidence, of course) they are not allowed to compete. US Americans are allowed to get away with almost anything, any time anywhere. They also just used the banned weapon, White Phosphorus again, on civilians in the Middle East,…no penalty!
    Being the biggest tax-haven for the very rich is just one of the main things the USA gets away with but we are not allowed to speak about it, because certain other taxes are bad, if you are not able to find the loopholes to get out of them.

  2. If we come together as one unit we will get more respect from the international community. We will speak as one voice. But, because of power hungry politicians over the years we have failed to embrace the opportunity to integrate as a region. What a shame? They are trying to make the individuals units (look) greater that the whole which is not possible. It’s a case of ‘to each his own’.

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