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meccalli wrote:"Stop evading tax in the Cayman Islands... come do it in Luxembourg instead!"
Inaccurate info led to TT’s blacklisting
Prime Minister Dr Keith Rowley in Parliament.
Information presented to the Global Forum that led to TT being named as a tax haven and subsequently being blacklisted “is not accurate, and is not an accurate reflection of our status,” says Prime Minister Dr Keith Rowley.
Asked in the House of Representatives yesterday what measures Government will be adopting to deal with the issue, Rowley said the matter was being dealt with by Attorney General Faris Al-Rawi, who had made a lot of progress with respect to TT’s qualifications.
Al-Rawi, he said, has addressed this issue several times over the past two to three weeks.
The blacklisting, he said, “is the outcome of inactivity on the part of the Government of TT.”
At this point in time, he said, TT does not report to the Europe-based Global Forum.
To give clarity to the situation, he said, in 2011 under the previous administration, TT chose to subject itself to the Global Forum oversight.
“In 2014, TT reinforced that position but did nothing to put us in a position to execute that commitment. Therefore now we have been lumped by those in that basket,” he said.
What was not being said, he said, “is that in the last 24 months, this Government has done yeoman service in trying to bring us to a position to avoid these kinds of labels.”
kstt wrote:So how come we still get blacklisted if you working feverishly on avoiding getting blacklisted?
zoom rader wrote:kstt wrote:So how come we still get blacklisted if you working feverishly on avoiding getting blacklisted?
As usual things under PNM takes years to ever done.
But the EU is just to damm fast. If folk want to protect their money from another country there is nothing wrong with that.
kstt wrote:Most people protect money because it was obtained from ill gains. Think of money laundering.
There needs to be accountability and transparency. Taxes have to be paid as well.
zoom rader wrote:kstt wrote:Most people protect money because it was obtained from ill gains. Think of money laundering.
There needs to be accountability and transparency. Taxes have to be paid as well.
That's not true it's only few .
In some countries even if you work in another another country they want to tax that aswell.
I worked with oil men who got paid tax free money in the gulf states. If they brought that money to the UK they would get taxed at 40% . So these guys set up offshore private business contractor accounts and avoid paying UK taxes.
Very few ppl money launder these days. What they do is to open a business, buy cars , build rent houses ect.
Dizzy28 wrote:I await Shabaka Kambon and his group to start action on having people stop using the term Black List!!!
silent_riot wrote:Is it cuz we black? Widdifoq
Maybe so , but it's the 1% inclusion with the red brass that giving Trinidad a bad name.timelapse wrote:EU could haul their MC
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