EU blacklist: Barbados 'appalled' at 'unjust and disproportionate treatment'

The government of Barbados said today it is "appalled" by the jurisdiction's inclusion on the EU's "reprehensible" update to its blacklisting of tax havens. In a strongly-worded statement issued this afternoon, Invest Barbados lamented "being penalized for being ‘Partially Compliant' in only three of the ten ‘essential elements' of the OECD's standard." As reported by International Investment, the EU group of finance ministers yesterday confirmed the addition of Barbados and Anguilla to its notorious listing of tax havens. Oman and the Cayman Islands were removed from the list followi...