Prime Minister and Minister of Finance, Dr. the Right Honourable Keith Mitchell has welcomed Grenada’s removal from the European Union’s Tax Jurisdiction Blacklist.
The newly published 2019 blacklist shows that Grenada is not included on the list which is regarded as a tool for EU member states to combat what is perceived to be tax abuse and unfair tax competition.
A fact sheet issued by the European Commission today states that “”Following the commitments in 2017, many countries have now delivered the reforms and improvements that they promised, and 25 countries from the original screening process have now been cleared.”
Grenada is listed among those 25 countries.
Reacting to the news, Dr. Mitchell said, “This is a welcome development. While I maintain that we were unfairly blacklisted, I must commend the staff of the Ministry of Finance and Legal Affairs for undertaking all that was necessary to ensure full compliance with what was being required of us.
I believe that Grenada’s removal from the blacklist certainly complements the positive developments we are currently experiencing on the economic front.
Going forward, we must safeguard and maintain what has been accomplished.”
Jamaica, Montserrat and St. Vincent and the Grenadines have also been removed from the blacklist.
