EU: Barbados recognised as a fully cooperative jurisdiction

24 February 2020

The formal publication of Barbados’ status with the EU, as a fully cooperative jurisdiction in the context of the EU’s initiatives against so-called “non-cooperative, harmful tax” jurisdictions, is most welcome. Through a sustained an intensive public-private sector collaboration, the jurisdiction has innovated and re-invigorated its legislative and regulatory framework, so as to be compliant in every respect with the requirements of the OECD and the EU. Barbados was always a transparent and cooperative jurisdiction for tax purposes, and we have built upon that foundation a rock-solid, fair, and well-regulated pro-business regime. More details on this update may be found here: https://www.consilium.europa.eu/en/press/press-releases/2020/02/18/taxation-council-revises-its-eu-list-of-non-cooperative-jurisdictions/