The Anti-Tax Avoidance Directive (ATAD)

Is it justifiable that Cyprus has been considered by European authorities of acting as a tax haven? All the below actions taken by the Cyprus Authorities, which have been adopted into the Cyprus law, should be considered before this question is answered.

Cyprus has incorporated into its tax legislation the automatic exchange of information with all European tax authorities and it has also adopted and incorporated into legislation the relevant OECD guideline, known as Common Reporting Standard, through which automatic exchange of information is extended to all contracting parties.