Schlettwein rejects EU blacklisting

FINANCE minister Calle Schlettwein yesterday rejected the European Union’s decision to blacklist Namibia as uncooperative on tax matters as well as the country’s branding as a tax haven.

He was speaking during a press conference in Windhoek yesterday, where he addressed Monday’s announcement by the EU that a decision had been taken by EU finance ministers to blacklist 17 countries considered uncooperative on tax issues.

“We call upon the EU to correct what has already caused serious harm to our people. This could lead to possible sanctions and, as we speak, reputational risk.

We have to address the situation. It is unfair,” he stressed.

The Agence France Presse (AFP) reported that the blacklisting decision was made following a year-long process. This means that Namibia had several months to prepare, but failed to do so on time, which Schlettwein blamed on lack of clarity of the criteria and miscommunication around deadlines.

He said finance

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