30 Nov 2017

Vanuatu opposition questions concessions over tax haven status

From , 6:03 am on 30 November 2017

Vanuatu's opposition leader says the government has conceded the country's interests too readily to satisfy international requirements over its tax haven status.

Parliament has passed various bills as part of reforms aimed at removing Vanuatu from the money laundering grey list of the OECD's Financial Action Task Force.

The grey list consists of countries regarded as having inadequate provisions against money laundering and terrorism financing.

Ishmael Kalsakau spoke to Johnny Blades about the opposition's concerns about Vanuatu changing its laws to meet the Task Force's requirements.

Vanuatu income tax consultations

Vanuatu income tax consultations Photo: Heather Maraki