St Kitts-Nevis, Bahamas and USVI set to be blacklisted by EU
- Tax avoidance meaning the use legal instruments in order to pay as little tax as possible, for example by shifting profits to a low-tax country or deducting interest payments for loans with artificially-inflated interest rates. The EU’s anti-tax avoidance directive comes into force in January 2019; and
- Tax evasion or tax fraud meaning the use of illegal practices to avoid paying taxes, for example by not declaring profits or using various ways to avoid paying VAT.
Published March 11, 2018
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