The Antigua and Barbuda government has dismissed a move by the District of Colombia in the United States to label the island as a tax haven.

The District of Columbia Fiscal Year 2016 Budget Support Act of 2015, which was signed by the mayor on August 11th, and issued on August 26th, lists 39 countries, 15 of which are Caribbean nations, as tax havens.

Prime Minister Gaston Browne, in a release yesterday, said “Antigua and Barbuda and the members of Caricom have all worked diligently to comply with the requirements of the Global Forum on international tax matters initiated by the Organisation for Co-operation in Economic Development (OECD) and the Financial Action Task Force.

According to the Antigua Observer, Prime Minister Browne said he would propose to colleague Heads of Government in Caricom and the wider region, to collectively raise the matter with President Barack Obama on “what amounts to yet another unjustified assault on our financial services industry that will harm our economies.”

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