Namibia remains on EU tax haven blacklist

Namibia remains on EU tax haven blacklist
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Namibia is among one of the last six countries still on the European Union's (EU) blacklist as a possible tax haven.
The other five countries are American Samoa, Guam, Palau, Samoa and Trinidad and Tobago.
The EU is set to remove Bahrain, the Marshall Islands and Saint Lucia from an EU list of tax havens next week.
The new delisting decision was taken by the EU Code of Conduct Group, which includes tax experts from the 28 member states.
EU finance ministers are expected to endorse the proposal at their regular monthly meeting in Brussels on 13 March.
Bahrain, the Marshall Islands and Saint Lucia were delisted after they made "specific commitments" to adapt their tax rules and practices to EU standards, the document says.
All delisted countries have been moved to a so-called grey list, which includes dozens of jurisdictions that are not in line with EU standards against tax avoidance but have committed to change their rules and practices.
In December 2017 Finance Minister, Calle Schlettwein criticised its listing as unjust, blaming the status on missing a deadline.
"Namibia is clearly, by any objective criteria, not a tax haven. The listing is unjust, prejudiced, partisan, discriminatory and biased," said Schlettwein.
The EU ambassador to Namibia, Jana Hybaskova said Namibia was invited to join the Global Forum on Transparency and Exchange of Information for tax purposes to protect it from misuse on tax by foreign entities.
She said Namibia was only listed as a non-cooperative jurisdiction with other 17 countries because it has not responded to the invitation of the Multilateral Conversion on Mutual Administrative Assistance on tax matters.