Tax Havens: Countries still on the tax ‘Naughty Step’
28th May 2019It will probably be apparent to the casual observer, let alone the business owner or high net worth individual, that the tax climate has changed markedly over the last 10 years. As part of the raft of measures to tackle austerity within western developed nations, with the aim of collecting higher tax revenues, governments have shifted the dividing line between what is and what is not considered acceptable tax planning. The EU has taken a top level role in this process within Europe, collectively assessing and a publishing a list of which countries do not play fair on tax matters:
As you will see, countries traditionally labelled tax havens, such as the Bahamas and Liechtenstein, have recently introduced changes sufficient to remove them from this list, whilst Trinidad & Tobago stands out as appearing to want to keep its reputation of heading up this black-list.
Disclaimer - All information in this post was correct at time of writing.
