Namibia hangs by the hook- Experts

December 6, 2017, 6:56pm

Namibia’s leading economists and experts have said that dire possible consequences lie in wait for the depressed local economy due to the blacklisting action carried out by the European Union (EU) on Namibia which has been labelled a tax haven.

Economist at Cirrus, Robert McGregor, says although Namibia has been included on the EU’s blacklist of tax havens, or more accurately ‘non-cooperative tax jurisdictions’, severe consequences may not be immediate.