EU

EU updates non-co-operative tax list and T&T's still on it

EU finance ministers have updated the EU list of non-co-operative tax jurisdictions, and Trinidad and Tobago remains on it.

Over the course of last year, the Commission assessed 92 countries based on three criteria: tax transparency, good governance and real economic activity, as well as one indicator, the existence of a zero corporate tax rate.

60 countries took action on the Commission’s concerns and over 100 harmful regimes were eliminated. The list has also had a positive influence on internationally agreed tax good governance standards.

EU now recognises Guaido as Venezuelan interim president

The European Parliament recognised Venezuela’s self-declared interim president Juan Guaido as de facto head of state on Thursday, heightening international pressure on President Nicolas Maduro.

EU governments, divided over whether to recognise Guaido, also agreed to lead an international crisis group with South American nations to seek new elections, setting a 90-day time limit, and threatening further economic sanctions.

International: EU to recommend end of daylight saving time

The European Union is to propose ending twice-yearly clock changes after a large-scale public survey, European Commission President Jean-Claude Juncker said Friday.

According to Juncker, more than 80% of EU citizens want to abolish daylight saving time and instead remain on the time used during summer instead.

At the moment, each EU member state puts clocks forward one hour on the last Sunday of March and back again on the last Sunday in October.

"This debate about summertime, wintertime has been around for many years here," Juncker told German broadcaster ZDF.