Greek Cypriot side in black list of OECD

The Organization for Economic Cooperation and Development stated there are 21 countries which have created obstacles for the work of the Organisation, to prevent tax evasion, by giving citizenship or permanent residence. It was stated that the Greek Cypriot side has been included in the black list.

The Paris based Organisation stated that 21 countries are included in the black list for taking less tax from the financial assets abroad and giving permanent residence to some people.

In the report, it was noted that citizenship has turned into a bargaining condition which costs 3 billion dollars. According to the Organisation for Economic Cooperation and Development, second citizenship can be abused by the ones who want to conceal their properties abroad, and causes concern between politicians, security organisations and intelligence units.