European Union

T&T now one of only 7 countries on EU tax haven blacklist

The finance ministers of the 28 European Union member states have removed two countries St Kitts and Nevis and the Bahamas from the blacklist of tax havens.

Trinidad and Tobago, however, remains one of only seven countries still blacklisted.

The communique of the Council of Finance Ministers confirmed the seven countries that remain on the blacklist: Guam, Namibia, Palau, Samoa, American Samoa, Trinidad and Tobago and the US Virgin Islands.

Internationally: Two years for Brexit to happen

Prime Minister Theresa May is to officially notify the European Union next Wednesday that the UK is leaving.

Downing Street said she would write a letter to the European Council, adding that it hoped negotiations on the terms of exit and future relations could then begin as quickly as possible.

An EU spokesman said it was "ready and waiting" for the letter.

Mrs May's spokesman also rejected reports an early election may be held, saying: "It's not going to happen."