Baku, Azerbaijan, Nov. 24
The EU may include Armenia in the list of offshore countries, where companies and individuals conduct financial activities, avoiding national taxation, according to Bloomberg.
Ambassadors representing EU governments are due to discuss the list ahead of the finance ministers meeting. As many as 36 countries could be included according to the draft summary table dated Nov. 21 and seen by Bloomberg, including Serbia, Armenia, Cook Islands, the Marshall Islands, Panama and Tunisia.
Earlier, European Commissioner for Economic and Financial Affairs Pierre Moskosvici said in an interview with Italian media that the EU is working on a system for monitoring and regulating "financial intermediaries" and will submit a list of offshore countries by the end of 2017.