THE Government of Gibraltar has refuted Oxfam’s claims that it should be blacklisted as a tax haven.
In particular, the government instructed the charity to take into account that it adhered to all anti-BEPS legislation as instructed by the EU.
BEPS refers to ‘base erosion and profit shifting’, whereby companies can exploit gaps in tax rules to artificially shift their profits to low or no-tax locations.
Oxfam had urged the EU to include Gibraltar in its list of tax havens ahead of a list to be published next Tuesday.
The charity claimed that Gibraltar would be listed if the EU objectively applied its own criteria, free from political pressure.
The Gibraltarian government is also looking to arrange a meeting with Oxfam’s representatives to keep the charity updated with moves the Rock will make to continue to adhere to policy.