Calle lashes out at EU blacklisting action

December 6, 2017, 6:54pm

Finance minister, Calle Schlettwein, has lashed out at the blacklisting of Namibia by the European Union (EU) as a non-cooperative jurisdiction for tax purposes as outrageous.

Namibia has been labelled as a tax haven and although the minister said that EU funding is still intact, he however said this has dented the country’s reputation, making it a potential target for sanctions.

The minister said the EU’s decision is unilateral and defies the relationship it has with Namibia as equal partners while the former had not engaged the latter before taking drastic action.