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UAE needs to apply minimum standards to get off tax blacklist: EU envoy

Reuters  |  DUBAI 

(Reuters) - The United Arab will have to do more to address the European Union's concerns about transparency in order to get itself removed from a tax-haven blacklist, the EU's ambassador to the said on Wednesday.

"The has been in touch over the last months with the authorities and the made a certain number of commitments," Patrizio Fondi said in an email to

But he added that the "does not apply the BEPS (base erosion and profit sharing) minimum standards and did not commit to addressing these issues by December 31, 2018."

(Reporting by Nawied Jabarkhyl, Writing by Saeed Azhar; Editing by Andrew Torchia)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 06 2017. 19:40 IST