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| 07 December, 2017

Bahrain says it will join BEPS framework to exit EU's tax-haven blacklist

Bahrain will join a group of countries committed to fighting corporate tax avoidance

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))