European bloc writes to Govt, but Barbados remains on blacklist

European bloc writes to Govt, but Barbados remains on blacklist

The European Union (EU) has written to the Freundel Stuart administration, providing what is believed to be an explanation of its decision to include Barbados on a December 5, 2017 list of 17 global tax havens.

However, it appears that the 28-member grouping has kept this country on the blacklist, despite Government’s protests.

Minister of International Business Donville Inniss has confirmed to Barbados TODAY that he received correspondence from the political and economic bloc in response to a letter he sent last month.

However, Inniss refused to disclose its contents, and would only say that he would be signing another letter this week “to respond to them regarding the question that Barbados be removed from whatever list they have”.

He said he was hoping the issue would be settled soon, even while admitting that similar challenges would pop up from time to time.

“In the international business we will continue to have challenges with our partners in other jurisdictions, and the European Union matter remains there. I hope that will be settled early in the New Year,” Inniss said.

Barbados was among four Caribbean Community (CARICOM) countries on the list of 17 blacklisted by the EU as non-cooperative tax havens.

Also included on the blacklist, which followed ten months of investigations by EU officials, were CARICOM countries Grenada, St Lucia, and Trinidad and Tobago, as well as American Samoa, Bahrain, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Panama, Tunisia and the United Arab Emirates.

Those placed on the dubious list were described as not doing enough to crackdown on offshore avoidance schemes, and they could lose access to EU funds.

Some two weeks after the list was published, Inniss had said he did not know “what the problem is”, and in the absence of clarification from the EU, it was difficult to determine what steps Barbados needed to take in order to be removed from the list.

“First of all, you have to know what the problem is that the European Union has. So until that is made clear to us I don’t think I can make a public announcement as to what needs to be done,” he said then.

Inniss, who had previously described the blacklisting “unfortunate and unfair”, had also suggested that Barbados was a fully cooperative jurisdiction when it came to taxation matters, and that it had made the required commitments to either amend or eradicate its regimes that were not in line with EU specifications by the December 5, 2017 deadline.

He is now making it clear he did not intend to sit idly by and allow international bodies, including the EU, to destroy this country’s reputation.

In fact, he said he would keep other international agencies on his radar, insisting that he would not tolerate “the other agencies and collection of individuals around the world who will continue to attack the good name that we built for Barbados over the years”.

Barbados’ international business sector, which in the past has enjoyed a strong reputation, has had to navigate difficult waters in more recent times, with the sector coming under increasing pressure from states and institutions, including the UK-based aid and development charity Oxfam and the US state of Illinois, both of which blacklisted the jurisdiction as a tax haven.

Meantime, Inniss, who is also Minister of Industry, Commerce and Small Business Development, said he would “strive towards creating a more enabling environment that allows for a higher level of entrepreneurship in Barbados” and would seek to make it easier for young people to become entrepreneurs.

“I would like to see a little bit more flexibility in terms of the business support services that we offer, including financing, and I would like to see a more entrepreneurial private sector and not one that is so heavily dependent on the state,” the minister said as he outlined his wishes for the business community in 2018.
marlonmadden@barbadostoday.bb

36 Responses to European bloc writes to Govt, but Barbados remains on blacklist

  1. Dale Black
    Dale Black January 4, 2018 at 11:19 pm

    Transparency thats the problem with this crop of politicians why can’t u just say why the reason we r on the blacklist it would help us the public understand if u r being wrongfully attacked r not smh just saying

    Reply
    • Ali Baba
      Ali Baba January 5, 2018 at 7:54 am

      dem hands never above board, for 10 years always under the counter fidgeting about

      Reply
    • Gillian Skeete
      Gillian Skeete January 5, 2018 at 8:38 am

      Ali Baba they are one big bad crop and place needs deweeding!

      Reply
  2. Ali Baba
    Ali Baba January 4, 2018 at 11:28 pm

    KEEP WITH HOLDING EVERYTHING, SOME DAY IT MUST COME TO LIGHT, BUNCH AH SEWER RATS

    Reply
  3. Mechell Springer
    Mechell Springer January 4, 2018 at 11:44 pm

    But I thought that an intellectual had said it was routine for Barbados to be black listed…… so why?…. Man look I cannot

    Reply
  4. John Everatt January 5, 2018 at 12:05 am

    And he refuses to reveal the contents of the letter? Government transparency is non existent with this government. The people have the right to know Mr. Inniss. I think it is because you failed to pass the legislation that they asked for 2 years ago. So they put us on the list of countries that do not have this legislation in affect.

    Reply
  5. Nicholas Mackie
    Nicholas Mackie January 5, 2018 at 12:31 am

    Barbados doesn’t deserve this

    Reply
    • Ali Baba
      Ali Baba January 5, 2018 at 6:21 am

      WHAT IT IS BARBADOS DOESN’T DESERVED?

      Reply
    • Maureen Fields
      Maureen Fields January 5, 2018 at 8:50 am

      ??????

      Reply
    • Nicholas Mackie
      Nicholas Mackie January 5, 2018 at 8:51 am

      We complied with the rules and wouldn’t accept dodgy source of funds….we should’ve done like Panama and ignored the rules …we would be booming now

      Reply
  6. luther thorne January 5, 2018 at 3:35 am

    What next for Barbados nuh ?
    Downgrades
    Blacklisting
    Sewage
    She-ite
    NCC Workers unfaired
    Black People does stand for a lot of nonsense and feel that they can do nothing : slavery prepared them well. Real Slave material. Europeans got it right in choosing who to enslaved. Of all the peoples in the World , Blacks were chosen. Now there is a lesson for yuh. Will a change Mr. W Lynch, will it ? One way or the other Black people will be enslaved and feel helpless. How can one describe the people of St.John who instead of demanding the best treatment allow themselves to be enslaved and who continue to vote for a man who is not running ? Classic example !

    Reply
  7. Alex Alleyne January 5, 2018 at 4:57 am

    Finally, WICB/CWI, need the public input on how to get WI cricket back on track.
    Too late my friend. The game done set back about 50 years .

    Reply
  8. Veroniva Boyce
    Veroniva Boyce January 5, 2018 at 5:02 am

    Charging $50 per ticket to attend a house party he should be blacklisted. Donna cashing in on his yearly events. Did he ever pay tax from the proceeds? Did he give to worthy cause?

    Reply
  9. Sugar Dumplings
    Sugar Dumplings January 5, 2018 at 6:32 am

    This is another plot but these international countries to keep we small islands down. By saying these things about us this will keep us down, other countries that want to trade with us will think twice. In the long run this will hurt us economically. It remind me of colonial days within the realms of economics.

    Reply
    • Ali Baba
      Ali Baba January 5, 2018 at 7:51 am

      oh sugar dumplings, dumplings, so the eu blacklist us, frooms and dumville kicking ruckuss, the eu in turn wrote the froom admin: ubut dumville refuse to disclose it contents….just recently he did the same verything on another matter, don’t u find these things strange?……what are u hiding dmmie?

      Reply
  10. Chris Alleyne
    Chris Alleyne January 5, 2018 at 7:38 am

    I guess we the people don’t need to bother ourselves with these details when we have a crew of geniuses to deal with them on our behalf.. we probably wouldn’t understand anyway….

    Reply
  11. harry turnover January 5, 2018 at 7:40 am

    Donville Inniss you doan know that wunna WILL be remove in June ?

    Reply
  12. Ali Baba
    Ali Baba January 5, 2018 at 7:51 am

    fa real

    Reply
  13. Michael Goodman
    Michael Goodman January 5, 2018 at 7:57 am

    Could it be that we will recognise the reasons are the result of failures to legislate appropriately, and that will further prove the fault lies with the current administration who prefer to blame anyone and everyone but themselves?

    Reply
  14. Barker Antony
    Barker Antony January 5, 2018 at 8:06 am

    I wonder with some of these comments if some of you really understand what is happening

    Reply
  15. Heather Cole
    Heather Cole January 5, 2018 at 9:05 am

    Veronica, he would not disclose that either… You have raised two valid points. He is running a business out of his house for about 10 years now.

    Reply
  16. Alicia G. Burton
    Alicia G. Burton January 5, 2018 at 9:15 am

    Donville could utter the crap Freundal said…. “TNT, St. Lucia and other caribbean islands on the list, so we shouldnt be so worried.”

    Reply
  17. Heather Cole
    Heather Cole January 5, 2018 at 9:17 am

    He was quite eager a few weeks ago when he sent off a letter querying why Barbados was on the Black list. It would therefore be transparent and logical that he informs the public what the response stated.
    However since he assumes that we are all too dumb to understand the content of a letter which I assume clarifies that he failed to create and apply the legislation that the government agreed to.
    The idea of him writing again without taking action calls into question his state of mind because Barbados has no clout to cause the EU to change their decision.

    Reply
  18. jrsmith January 5, 2018 at 9:55 am

    All the shouting isn’t going to make any difference , the politicians protects each other and others………… The big question they cant be trusted , the politicians are the ones who is destroying the good name of Barbados , that’s why he cant reveal the contents ………..
    I wonder how many bajan politicians is using the British tax havens protectorates ………………………………..

    Reply
  19. Bajan boy January 5, 2018 at 1:55 pm

    It it easy to protest. Meeting the requirements by clowns is like climbing Everest..find time energy and know how t o fix the legoslatipn…

    Reply
  20. Helicopter(8P) January 5, 2018 at 2:57 pm

    Minister Inniss in response to Illinois state we would like to know how that state has dispersed Usama Ben Ladan’s Peoria Catapiller company shares ?

    Reply
  21. milli watt January 5, 2018 at 3:32 pm

    would like to see the back a this one called Inniss, Kellman, Jones, Lowe, Paul

    Reply
  22. milli watt January 5, 2018 at 4:34 pm

    would like to see the back a Estwick

    Reply
  23. Belfast January 5, 2018 at 5:50 pm

    Why do you think that some of them ran down to Panama, shortly after the Panama Papers was made public?

    Reply
  24. Buun January 6, 2018 at 6:33 am

    This is like having a captain of a ship and it is out in the middle of the ocean. The ship is taking on water but the captain does not want to tell the crew and passengers on broard what is the problem with the ship. All the captain tells them is just go back to sleep and all will be fine in the morning while he is wearing a life jacket under his uniform. And you wonder why Barbados is on the blacklist?

    Reply
  25. Norman Dobson January 6, 2018 at 7:56 am

    There is no bigger tax haven than the European Block. They want all the business to remain there. We are expected to wait on grants and aid … you know handouts. This Economics System is rooted in corruption, drug running, ganster,racketeering, human trafficking etc all control by the powers makingthe rules.

    Reply
  26. Mark Rosmar January 11, 2018 at 7:21 am

    Is this the same EU that people, including many in Barbados, say will cause Britain to fail if it leaves?

    Reply

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