PALAU AGREES TO TAX REFORMS TO GET OFF EU BLACK LIST

Public Finance International on 2nd October reported that Palau in Micronesia (which recently saw its FATF-style mutual evaluation published) has seen EU remove it from the list of tax havens after Palau committed to making changes to its tax system.  It is reported that ministers agreed to shift it to the ‘grey list’ of jurisdictions, which have low transparency standards but are committed to change, and includes 47 other countries that have committed to change their tax rules on tax transparency and co-operation.

https://www.publicfinanceinternational.org/news/2018/10/palau-agrees-tax-reforms-get-eu-black-list

http://www.consilium.europa.eu/en/press/press-releases/2018/10/02/taxation-liechtenstein-and-peru-meet-commitments-palau-removed-from-list-of-uncooperative-jurisdictions/

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

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