RAYMOND POINTS TO TAX REFORM AFTER EU BLACKLISITING

St. Lucia will soon introduce new tax reform measures to bring the country in line with European Union standards.

That’s the word from the Minister in the Ministry of Finance, Senator Dr. Ubaldus Raymond.

His comments come after St Lucia was placed on an EU blacklist of tax havens, which could result in EU sanctions.

Dr. Raymomd said the new tax rules are likely to be unveiled in the new Budget.