Grenada: Un­fair EU de­mands

UK Barbados Nation - - NEWS -

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)

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