Main page > About the company > News and mailing > Jurisdictions news > France adds Seychelles to blacklist of tax heavens

France adds Seychelles to blacklist of tax heavens


				04.12.2019
						

France has added Seychelles to its tax-haven blacklist because the island state did not provide full information about some French offshore entities acting on Seychelles.

Seychelles Minister of Finance called this decision “hostile, regrettable and disappointing” and also noted that it would have negative effect for Seychelles’ economy soon.

The French Ambassador to Seychelles explained the blacklist is specifically about cooperation with regards to exchange of information between the two countries.

The Finance Minister of Seychelles said the immediate reaction now will be to relook at some of Seychelles' laws and amend them as soon as possible so they comply with international norms. He also added: “We will protest because I feel this is a hostile action. We need to get out of this situation and we need to work with the French authorities to remedy this situation as quickly as possible”.


Source: http://www.seychellesnewsagency.com/articles/12057/France+adds+Seychelles+to+tax-haven+blacklist%3B+high-level+maneuvers+follow+%27hostile%2C+disappointing%27+decision

Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

03/11/2020 11:46:00

Decline taxes in Great Britain

According to last changes, published on the website of Tax Service ...

Read more

02/17/2020 17:56:00

European Comission sends legal warnings regarding anti-money laundering laws

The European Commission has sent legal warnings to Cyprus, Portuga ...

Read more

02/14/2020 13:32:00

UK aims to launch freeports

The UK government has launched a consultation on creating up to 10 ...

Read more