Turkey will complete tax regulations, inclusion in EU blacklist out of question

ANKARA: Turkey promised the European Union in a letter last week that it would complete secondary tax regulations, Finance Minister Naci Agbal said on Thursday, adding that it was out of the question for the bloc to include Turkey in a blacklist of tax havens.

Agbal told Reuters that Turkey was fully in line with and backing all international tax agreements, and said that differences of opinion would be overcome after the technical work is complete.

Bloomberg News had said earlier on Thursday that the EU could include Turkey on a blacklist of tax havens as soon as next month, in a move that could further strain ties between Ankara and the world's largest trading bloc.