Posted: Monday, November 4, 2019. 10:24 am CST.
By Aaron Humes: According to Reuters, European Union finance ministers are set to remove the Central American country of Belize from the bloc’s blacklist of tax havens in a meeting this week. The decision, outlined in an EU document, is to be formally adopted on Friday.
The decision to remove Belize comes after years of amendments to local legislation to appeal to European authorities concerned about a level playing field in the financial services and offshore banking sector, which has been hit hard by the closure of Choice Bank and Atlantic International Bank Limited in separate scandals.
Eight jurisdictions are expected to remain on the list, Reuters reported. They are: Fiji, Oman, Samoa, Trinidad and Tobago, Vanuatu and the three U.S. territories of American Samoa, Guam, and the U.S. Virgin Islands.
Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt firstname.lastname@example.org оr саll uѕ аt 501-601-0315.
© 2019, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.