EU targets six international financial centres as 'harmful'

Pedro Gonçalves
clock • 1 min read

Barbados, Belize, Curaçao, Mauritius, Saint Lucia and Seychelles have been warned by the EU that some of its tax policies are "harmful" and must be updated to comply with best practices by the end of this year. The European Union's Code of Conduct Group (Business Taxation  has written to each, asking them to make a high-level commitment to abolish or amend the relevant preferential regimes, without introducing any grandfathering mechanisms to water down the impact on non-resident businesses, according to international tax firm EY. Failure to comply will land these international financial...

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