UAE must do more on transparency to get off tax blacklist: EU envoy:
"The United Arab Emirates will have to do more to address the European Union’s concerns about tax transparency if it is to be removed from a tax-haven blacklist, the EU’s ambassador to the UAE said on Wednesday.
He was speaking a day after EU finance ministers adopted a blacklist of 17 jurisdictions deemed to be tax havens, including UAE and Bahrain, in an unprecedented step to counter worldwide tax avoidance.
“The EU has been in touch over the last months with the UAE authorities and the UAE made a certain number of commitments,” EU ambassador Patrizio Fondi said in an email to Reuters."
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