The local government said yesterday that it welcomed the decision by the European Union (EU) to remove Macau from an embarrassing blacklist of tax havens earlier in the day.
However, according to international newswires, European Commissioner for Economic and Financial Affairs Pierre Moscovici told reporters in Brussels that Macau would remain on the EU’s grey list of jurisdictions under the radar by Brussels for their unwavering commitment to multilateral tax arrangements. Those found wavering in their commitment face a return to the black list of tax havens, Moscovici said.
In a statement by the Government Spokesperson’s Office (GPV) yesterday, the local government reaffirmed it believed that the EU took a “unilateral and biased” decision to include Macau in a blacklist of tax havens on December 5 last year.
