PM Browne Voices Strong Objection to Antigua and Barbuda being named as a Tax Haven

ST. JOHN’S, Antigua and Barbuda – 23rd June 2015…….In a strongly worded letter to Ambassador Mikael Barford, Head of the Delegation of the European Union to Barbados and the Eastern Caribbean, Prime Minister the Hon. Gaston Browne has documented his government’s impassioned objection to Antigua and Barbuda being named by the Commission of the European Union as a “tax haven” in a list published on June 17.

PM Gaton Browne

PM Gaton Browne

Calling the naming unjust, Prime Minister Gaston Browne said that his government totally objects to the implication by Pierre Moscovici, the EU Commissioner for Economic and Financial Affairs, Taxation and Customs, that Antigua and Barbuda is a “non-cooperative” jurisdiction. The country’s leader further stated that the EU Commission and Commissioner Moscovici have done considerable harm to Antigua and Barbuda and many other countries named on the list in flagrant disregard of known facts about the jurisdictions.
“In the case of Antigua and Barbuda, the jurisdiction has been found to be in compliance with the highest international standards of transparency and exchange of information as set by the Global Forum of the Organisation for Economic Co-operation and Development (OECD) of which EU countries are members. Indeed, since the publication of the EU list, the OECD Global Forum has disassociated itself from the action of the EU and underscored the fact that it is their assessment which is the relevant assessment for the purposes of determining a country’s cooperation in tax matters,” PM Browne’s letter read.
It was also made clear that Antigua and Barbuda has been found to be fully compliant and cooperative with international standards established by the Financial Action Task Force on whose decision-making councils EU countries sit. The letter also pointed to the fact that Antigua and Barbuda has signed Tax Information Exchange Agreements with a significant number of EU members and that no request for information by a EU member state has ever been declined.
“In the circumstances, my Government regards the criteria by which Antigua and Barbuda has been named on the EU list of “tax havens” as fatally flawed,” PM Browne outlined in his letter.
According to the EU Commission, Antigua and Barbuda was included on its arbitrary list because 10 EU members named the jurisdiction as ‘non- cooperative’. The 10 EU countries have been identified as: Bulgaria, Croatia, Estonia, Greece, Italy, Latvia, Lithuania, Poland, Portugal and Spain.
“These are countries with which Antigua and Barbuda does little or no business. Antigua and Barbuda has not received any requests for information from these 10 countries that it has refused. It is also significant that the EU countries, such as Britain and France, with which Antigua and Barbuda does significant transactions, did not name our jurisdiction,” Prime Minister Browne pointed out.
The country’s leader while asking for his government’s objection to be made to the EU Commission by the swiftest means,said that “In damaging the reputation of Antigua and Barbuda – and many other Caribbean countries that appear on the extremely defective list – the EU Commission may well have infringed the terms of the Economic Partnership Agreement (EPA) between the EU and Caribbean countries.”
In registering his government’s strongest objection to the EU list, Prime Minister Browne called on the EU Commission to apologize for the damage it has done to the jurisdiction of Antigua and Barbuda and to publicly rescind the flawed and injurious list.

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Posted by on Jun 23 2015. Filed under CARIBBEAN COMMUNITY, News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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