Sir Ronald Sanders, formerly a senior Caribbean diplomat, said last week that Governments and financial sector authorities in the Caribbean should be very watchful of the European Union's attempt to broaden the scope of the Savings Tax Directive.
Earlier this month it was reported that European Union Commissioner for Taxation, Laszlo Kovacs, is seeking to extend the Directive to Hong Kong, Singapore, Japan, Macao, Bahrain, Dubai, Canada and the Bahamas.
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