The European Union (EU) has added Dominica to its so-called grey list of jurisdictions that don’t adhere to anti-tax avoidance standards but promised to make change their ways.
The island became the latest addition to the ‘grey list’ when the European Union’s Economic and Financial Affairs Council (ECOFIN) met in Brussels on Tuesday, March 14, 2018. The British Virgin Islands, Anguilla, Antigua and Barbuda were also added to the list.
Dominica and the other countries that were grey listed were given a reprieve since they were not been previously assessed for compliance with EU tax cooperation standards because they were badly hit by the hurricanes in September 2017. Dominica was hit and severely devastated by Hurricane Maria. Hence, the screening of their tax systems had been put on hold until early 2018.
The grey list countries will be subject to close EU monitoring.
In announcing the reprieve for the hurricane-hit islands in December, the EU had stated that those jurisdictions “will be asked to address the concerns identified as soon as the situation improves, with a view to resolving them by the end of 2018. By February 2018, they will be contacted to prepare the next steps.”
On Tuesday, the Bahamas, the U.S. Virgin Islands and Saint Kitts and Nevis were added to the bloc’s ‘black list’ of countries for being tax havens.
St. Lucia, which was previously on the black list, was removed.
dominica has no choice but lie down and take it. After all, WE OWE THE WHOLE DAMN WORLD. and we are stupid too..very stupid
Smh, add Dominica to the list, realise you were wrong, tarnish the reputation, then do the same thing to some other island. That’s not the first time this has happened in very recent times and then these fools had to remove Caribbean islands from the list
OMG We just had a category 5 hurricane.
The EU and the US are flexing their economic prowess especially on small striving economies. They have this attitude, ‘you do what I say or else’. This powerful economic bloc (EU), puts tremendous pressure on our struggling economies to comply to their whims and fancies. Our countries have no choice but to capitulate as non compliance means financial blockage for you. This is a form of neocolonialism. Our former Masters still have a tight grid on us. They still want control over us through their isms and schisms.
If nothing else Ibo, we are the recipients of their aid and as a rule you don’t bite the hand that feeds you.
Sir. I have no idea who you are but I know you are very intelligent and can see things crystal clear. I admire your wisdom. Clearly you are burdened with the signs and times of this small island state. You are completely right about the European Union…a self-serving, non-democratic entity who has done more harm than good to the world’s economy. I SIMPLY ADMIRE YOU. It is very refreshing to come across a smart DOMINICAN MAN who is in tune with world events and can see the different economic structures that are in existence today having no desire to serve the common man but themselves only and their own political agenda. Whoever you are God bless you. I look forward to reading your posts from time to time.
“The European Union (EU) has added Dominica to its so-called grey list of jurisdictions that don’t adhere to anti-tax avoidance standards but promised to make change their ways….”
Why is our island on the bad list of the EU? This is where Parliament must be summoned that we the people with the help of the opposition UWP led by Hon Linton to address pertinent questions to M Skerrit. Everyday one wakes up there is some level of bad governance news affecting the good name of our Isle of Splendour. Skerrit and his corrupt Labour bunch contribute to stained the name f Dominica.
Skerrit must Go
Bring back Angelo! Matt just a pudding, who does not do his homework but wants to be loved by everyone.
Are some of you people completely stupid or just pretending to be so? Did you not read the article? Did you not see that several other Caribbean countries have been added the the lists: BVI, Anguilla, Antigua & Barbuda added to the grey list and Bahamas, USVI and St. Kitts & Nevis to the black list?
These EU people are abusing their power and engaging in bully tactics to exclude Dominica and other small Caribbean countries from the benefits of financial independence and it is sad that some of you are so party political that you choose to ignore this and attack the Government. These matters affect every resident in Dominica and are not party political. It is an issue that requires all of us to stand together as a nation.
Truth, time we grow up my boy, We are like angry young people that tell their parents they want to leave , don’t listen to them and do their own thing but mam and pop must continue paying for their lifestyle. Many parents with children like that would tell them to take a hike. Would you blame them.
Dominica was very lucky on this occasion. Next year they won’t be so forgiving.
If we continue like that next year you will need a visa even going to England and you can blame Skerrit for that.