EU to give Turkey more time to avoid tax blacklisting

EU to give Turkey more time to avoid tax blacklisting

European Union diplomats have reached a preliminary agreement to give Turkey more time to meet tax transparency requirements, two diplomatic sources said, in a move that could weaken the bloc's blacklist but at the same time avoid a new clash with Ankara, reports Reuters.. "Turkey should in theory be listed, but for political reasons it avoided it," an EU diplomat told Reuters.. To avoid opening a new front with Turkey, EU diplomats adopted a lenient approach on tax matters, despite opposition from Cyprus..