Botswana strongly rejects tax haven label

Since 2012, the diamond-rich country has been excluded from the international business community because the country was labelled by France as a tax haven that did not have a “suitable legal framework for the exchange of tax information.”

Following the blacklisting, Botswana stepped up efforts to remove secrecy provisions and deficiencies in its tax information exchange agreements and laws in a bid to reverse impressions that the country may be a tax haven.