The European Union (EU) on Monday added Dominica to the so-called blacklist of jurisdictions considered non-cooperative for tax purposes.
“Dominica has been included in the EU list as it received a ‘partially compliant’ rating from the Global Forum [for Transparency and Exchange of Information] and has not yet resolved this issue,” the Council of the EU said in a statement.
Barbados was removed from the list.
Additionally, St Lucia has been removed from list and Jamaica has been added.
Prime Minister and Finance Minister Roosevelt Skerrit has said the list unfairly and without proper justification names and shames countries as non-cooperative tax jurisdictions.
In 2019 Government passed a number of measures to become compliant including an amended offshore Banking Act to facilitate tax transparency.