Invest Barbados stands by its criticism of EU Blacklisting amid claims it misunderstood the issue

Invest Barbados has rubbished claims by a European Union (EU) official that there are “unfounded concerns” and misconceptions about the island’s inclusion on the EU’s list of “non-cooperative jurisdictions for tax purposes”.The economic development agency said in a clear-the-air statement on Tuesday, that as far as he was aware the EU took a hard-line approach to “blacklist” Barbados when it was well aware the country had no legislative deficiencies that should result in such an action.