Panama recalls EU ambassador over tax haven list

Reuters News
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Posted: Dec 06, 2017 1:32 PM

PANAMA CITY (Reuters) - Panama recalled its ambassador from Brussels for consultations after the Central American country was included on a European Union blacklist of countries deemed as tax havens, the government said on Wednesday.

European Union finance ministers adopted a blacklist of 17 jurisdictions deemed tax havens on Tuesday, in an unprecedented step to counter worldwide tax avoidance, although they did not agree on financial levies for the listed countries.

"Given the unfortunate incorporation of the country in this discriminatory list, the Republic of Panama has decided to call its Ambassador to the European Union, Dario Chiru, to assess the steps to be followed moving forward," the government said in a statement.

The list also included American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and United Arab Emirates (UAE).

(Reporting by Elida Moreno, Editing by Rosalba O'Brien)