Grenada Broadcasting Network

11th December 2019

  

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Grenada has again attracted international attention, but not in a positive light.

The country is among several in the region who have been blacklisted by the European Union.

The EU has named and shamed 17 states in its first ever tax haven blacklist and put a further 47 states on notice, pending remedial measures.

This latest move the US says is an attempt to clamp down on the estimated 506 billion pounds lost to aggressive avoidance every year.

Grenada’s minister of international business however says they have not yet received official correspondence and are surprised over the listing.

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