Reuters: Bahrain says it will join BEPS Framework to Exit EU's Tax-Haven Blacklist
2017-12-08 - 7:31 م
Bahrain Mirror- reuters: Bahrain will join a group of countries committed to fighting corporate tax avoidance as it seeks to be taken off the European Union's tax-haven blacklist, the Bahraini Ministry of Finance said on Thursday.
"Bahrain will commit to be a member of the Inclusive Framework on BEPS ... " the ministry said in an emailed statement to Reuters, listing a series of steps it had already taken to exchange tax information with other countries.
On Tuesday, EU finance ministers adopted a blacklist of 17 jurisdictions deemed to be tax havens, including Bahrain and the United Arab Emirates, in a step to counter worldwide tax avoidance.
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