Saint Lucia Removed from EU List of Non-cooperative Jurisdictions
February 25, 2021
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PRESS RELEASE Saint Lucia was officially removed from the European Union (EU) list of non-cooperative jurisdictions, for tax purposes on February 15th, 2021.
Saint Lucia first appeared in Annex I (the blacklist) in December 2017 but was subsequently placed in Annex II (the grey-list) in March 2018, after committing to address the deficiencies highlighted by the European Union Code of Conduct Group (EU-CoCG), as they relate to the international business sector.
Over the past few years, the Government has worked diligently to meet the requirements of the EU-CoCG and engaged in discussions with various stakeholders and international bodies. This process was extremely onerous, however the authorities and technocrats maintained the momentum and worked diligently to ensure that the goal of being delisted by the EU was achieved.
Tuesday, February 23, 2021 10:00 am - 11:00 am
Please join the CSIS Americas Program for a virtual armchair discussion with Minister Paulo Guedes to discuss Brazil s potential accession to the OECD.
The Organisation of Economic Cooperation and Development (OECD) is an intergovernmental economic organization designed to stimulate economic progress and world trade. Brazil has been the OECD’s most engaged Key Partner for over two decades, and formally requested full OECD membership in 2017. Brazil’s accession to the OECD would provide a strong incentive to institute much-needed reforms, encourage foreign investment, and offer support as its developing economy struggles to recover from the economic effects of the Covid-19 pandemic. If Brazil were to join, it would become only the fifth Latin American member country alongside Colombia, Chile, Costa Rica (in accession process), and Mexico.
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