Prime Minister of Antigua: The law will be amended, ＂To avoid being shelled by the OECD.＂
Antigua and Barbuda Prime Minister Gaston Browne said that he is open-minded in revising laws related to banking transactions and information sharing, as long as the revision of the law meets the requirements of the OECD.
Last month, the OECD published a “blacklist” of 21 jurisdictions that they believed have a high probability of escaping the Common Declaring Guidelines, which have low tax rates and have investment residency and investment. Naturalization plan. The top of the 100 is ------ because it is in alphabetical order - Antigua and Barbuda.
In response to the “blacklist”, Prime Minister Gaston Browne believes these concerns are justified and he is committed to ensuring that the country is in compliance of those laws and regulations.
According to the Antigua Observer, "even if the OECD does not formally require us to amend the law, we will amend the relevant laws at the next parliamentary meeting and urge relevant parties to report all bank transaction details under the current reporting guidelines. " said Prime Minister Gaston Browne.
“A few months ago,” he continued, “we passed the “Beneficial Ownership Law.” All the beneficiaries of the company must disclose themselves as they may use the identities of director or shareholders to cover their true identities under the previous practice for hiding their assets in other jurisdictions."
Gaston Browne of the country continues to say that it is in the best interests of their country to cooperate as much as possible with the OECD in order to “free from being bombarded by the OECD, the European Union, etc.”.
Last month, it was too difficult for investment for residency and investment in the naturalization industry. Investment immigration projects around the world, especially in Europe, were bombarded. Only some of the reasons for the bombardment were justified. Bombarded were come from European Committee, European Parliament, International Transparency Organization, Organized Crime and Corruption Reporting Project, and The Guardian.
