DUBAI- Bahrain will join a group of countries committed to fighting corporate tax avoidance as it seeks to be taken off the European Union's tax-haven blacklist, the Bahraini Ministry of Finance said on Thursday.
"Bahrain will commit to be a member of the Inclusive Framework on BEPS ... " the ministry said in an emailed statement to Reuters, listing a series of steps it had already taken to exchange tax information with other countries.
On Tuesday, EU finance ministers adopted a blacklist of 17 jurisdictions deemed to be tax havens, including Bahrain and the United Arab Emirates, in a step to counter worldwide tax avoidance.
(Reporting by Andrew Torchia, editing by Larry King) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
"Bahrain will commit to be a member of the Inclusive Framework on BEPS ... " the ministry said in an emailed statement to Reuters, listing a series of steps it had already taken to exchange tax information with other countries.
On Tuesday, EU finance ministers adopted a blacklist of 17 jurisdictions deemed to be tax havens, including Bahrain and the United Arab Emirates, in a step to counter worldwide tax avoidance.
(Reporting by Andrew Torchia, editing by Larry King) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
