How Venezuela blacklisted itself as a tax haven

As you might have seen, the European Commission is proposing that EU Member States create a blacklist of countries that do not “apply minimum standards of good governance in tax matters. These countries would be subject to sanctions from EU member states, up to and including the termination of double tax treaties.The blacklisting approach is not new, and a paper by the Australian academic Jason Sharman, “Dysfunctional policy transfer in national blacklists,” offers a note of caution.

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