Grenada: Unfair EU demands
ST GEORGE’S – Grenadian legislators described as “unfair” demands by the European Union that the island repeal several pieces of legislation required for establishing international business here.
Grenada was among several countries blacklisted by the European Union (EU) in 2017 as having harmful tax legislation based on EU claims that their citizens use these pieces of legislation to avoid paying taxes.
But as the matter came up for debate in the Senate, President Chester Humphrey, as well as government and opposition legislators, said that there was need for “a grown-up” conversation with those who are making the repealing demands on states like Grenada.
The Senate began the process of repealing four pieces of legislation that the EU has described as “harmful tax practices”. (CMC)