Deal signed to shake off tax haven tag

Captains of capital: The EU tax grey listing has affected the financial services sector PIC: MORERI SEJAKGOMO
Captains of capital: The EU tax grey listing has affected the financial services sector PIC: MORERI SEJAKGOMO

Botswana is months away from shaking off its three-year-old greylisting as a tax haven by the European Union (EU), after a deal signed recently with the Organisation for Economic Co-operation and Development (OECD), an economic and trade coalition of developed countries.

Botswana has been on the tax greylist since the EU first published it in December 2017 and has remained there through 11 updates that have resulted in other nations being removed and others added.

The adverse listing, due largely to the EU’s unhappiness with Botswana’s tax regime and exchange of information, is seen as a disincentive to both foreign investment as well as local companies’ ability to trade with the world as the country is seen as a tax avoidance and evasion haven.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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