{"id":66972,"date":"2023-02-15T20:32:09","date_gmt":"2023-02-15T20:32:09","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/02\/15\/eu-adds-costa-rica-to-list-of-tax-havens\/"},"modified":"2023-02-15T20:32:09","modified_gmt":"2023-02-15T20:32:09","slug":"eu-provides-costa-rica-to-checklist-of-tax-havens","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/02\/15\/eu-provides-costa-rica-to-checklist-of-tax-havens\/","title":{"rendered":"EU provides Costa Rica to checklist of tax havens"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div data-advadstrackid=\"449249\" data-advadstrackbid=\"1\" class=\"rioti-target\" id=\"rioti-1037967814\"><a href=\"http:\/\/portugaladvisory.com\/\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" alt=\", EU adds Costa Rica to list of tax havens\" width=\"800\" height=\"90\" src=\"https:\/\/www.riotimesonline.com\/wp-content\/uploads\/2021\/09\/Porugal-Advisory-Banner_1.jpg\" class=\"lazyload\" bad-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.riotimesonline.com\/wp-content\/uploads\/2021\/09\/Porugal-Advisory-Banner_1.jpg\" alt=\", EU adds Costa Rica to list of tax havens\" width=\"800\" height=\"90\"\/><\/noscript> <\/a><\/div>\n<p>According to the choice accepted by the Ministers of Economy and Finance, the checklist of <a href=\"https:\/\/www.riotimesonline.com\/brazil-news\/rio-business\/only-us-and-germany\/\" target=\"_blank\" rel=\"noopener\">tax havens<\/a> up to date by the European Union consists of sixteen territories:<\/p>\n<ul>\n<li>the 4 added Russia, Costa Rica, the British Virgin Islands, and the Marshall Islands;<\/li>\n<li>Panama, American Samoa, Fiji, Guam, Palau, Trinidad and Tobago, Samoa, the US Virgin Islands, Vanuatu, the Bahamas, Anguilla, and the Turks and Caicos Islands, which had been already on the checklist.<\/li>\n<\/ul>\n<p>The checklist, up to date each six months, consists of nations that don&#8217;t adjust to EU requirements on tax transparency, tax equity, or the implementation of worldwide guidelines to stop the erosion of tax bases or revenue shifting and don&#8217;t take steps to deal with these points.<\/p>\n<figure style=\"width: 1047px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" alt=\", EU adds Costa Rica to list of tax havens\" width=\"1047\" height=\"492\" src=\"https:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/02\/Costa-Rica.png\" class=\"lazyload\" bad-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.riotimesonline.com\/wp-content\/uploads\/2023\/02\/Costa-Rica.png\" alt=\", EU adds Costa Rica to list of tax havens\" width=\"1047\" height=\"492\"\/><\/noscript><figcaption class=\"wp-caption-text\">Billions of US {dollars} are misplaced because of the switch of multinationals\u2019 income to tax havens (Photo web copy)<\/figcaption><\/figure>\n<p>COSTA RICA\u2019S RESPONSE<\/p>\n<p>The Costa Rican presidential web site mentioned in a press launch the day gone by that the measure was \u201cbecause of the failure to adjust to the dedication made by the earlier authorities to reform the tax system to tax passive offshore earnings by December 31, 2022.<\/p>\n<p>According to European Union directives, passive earnings earned by an individual or firm overseas needs to be taxed in Costa Rica to keep away from \u201cunfair competition\u201d between nations\u2019 tax techniques and to make sure that there&#8217;s tax-free earnings,\u201d the Costa Rican authorities added.<\/p>\n<p>\u201cAlthough it cannot be ensured that the sanctions of all EU member states will be avoided, the government (of Rodrigo) Chaves Robles is coordinating actions to ensure that the impact on investment is minimized,\u201d the communiqu\u00e9 concluded.<\/p>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] According to the choice accepted by the Ministers of Economy and Finance, the checklist of tax havens up to date by the European Union consists of sixteen territories: the 4 added Russia, Costa Rica, the British Virgin Islands, and the Marshall Islands; Panama, American Samoa, Fiji, Guam, Palau, Trinidad and Tobago, Samoa, the US [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":66974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-66972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nightlife"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/66972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=66972"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/66972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/66974"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=66972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=66972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=66972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}