EU TAX HAVEN BLACKLIST “SET TO SHRINK FURTHER”

Reuters on 6^th March reported that the EU is set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens, leaving only 6 jurisdictions on it.  The planned removals from the EU list drew criticism from the anti-corruption watchdog, Transparency International.  The jurisdictions that remain on the blacklist are American Samoa, Guam, Namibia, Palau, Samoa and Trinidad and Tobago.  Bahrain, the Marshall Islands and Saint Lucia are apparently to be delisted after they made “specific commitments” to adapt their tax rules and practices to EU standards.

https://uk.reuters.com/article/uk-eu-tax-blacklist/eu-tax-haven-blacklist-set-to-shrink-further-causing-outcry-idUKKCN1GI1E7?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017