Browne: Trinidad and Tobago is getting compliant with EU tax rules
Foreign Affairs Minister Dr Amery Browne.
MINISTER of Foreign Affairs Dr Amery Browne was confident that Trinidad and Tobago was progressing towards being removed from the European Union s list of 12 countries deemed non-compliant for tax purposes.
He was speaking in the Senate on Tuesday in reply to a listed question by Opposition Senator Wade Mark.
The European Council on its website listed the dozen countries or non co-operative jurisdictions for tax purposes as American Samoa, Anguilla, Dominica (new), Fiji, Guam, Palau, Panama, Samoa, TTo, US Virgin Islands, Vanuatu and Seychelles. The website says the list was a tool against tax fraud/evasion, tax avoidance and money laundering.
Duterte inks law amending AMLA visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
Published January 29, 2021 8:33pm
Updated January 29, 2021 8:58pm By VIRGIL LOPEZ, GMA News President Rodrigo Duterte has signed into law Republic Act No. 11521 or the measure strengthening the country s 20-year-old Anti-Money Laundering Act. A security and confidentiality clause was added to the 11-page law, requiring the Anti-Money Laundering Council (AMLC) and its secretariat to protect and keep confidential all information they receive or process, even after they leave the council. Violators of the confidentiality clause will be imprisoned for three to eight years, and fined for P500,000 to P1 million. The new law allows the Court of Appeals (CA) to issue a freeze order from 20 days to six months. The freeze order is deemed lifted if no case if filed against the person within the freeze period set by the appeals court.