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Vol 59 No 5

Published 9th March 2018


Tax treaties 'made by the rich'

Poorer countries denounce the EU labelling some of them tax havens. Measures to curb taxation disputes are dismissed as 'prejudiced'

For some countries in Africa, being dubbed a 'tax haven' by Europeans is adding insult to injury. European Union finance ministers agreed a 'blacklist' and 'greylist' of tax havens in December, reopening bitter north-south divisions over tax. Namibian Finance Minister Calle Schlettwein, whose country – together with Morocco – was one of two African nations named and shamed, described the listing as 'unjust, prejudiced, partisan, discriminatory and biased'.

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