EU ADDS ANGUILLA, BAHAMAS, TURKS AND CAICOS TO TAX BLACKLIST

On 4 October, the Mail Online reported that the EU has added the Bahamas and the Turks and Caicos Islands to its tax haven blacklist, and also put Anguilla back on as a “non-cooperative jurisdiction” just a year after it was removed.  The EU said it made the additions largely due to “concerns that these three jurisdictions, which all have a zero or nominal-only rate of corporate income tax, are attracting profits without real economic activity”.

The complete list comprises – American Samoa, Anguilla, Bahamas, Fiji, Guam, Palau, Panama, Samoa, Trinidad & Tobago, Turks & Caicos, US Virgin Islands, and Vanuatu

https://www.dailymail.co.uk/wires/ap/article-11278825/EU-adds-Anguilla-Bahamas-Turks-Caicos-tax-blacklist.html

https://taxation-customs.ec.europa.eu/common-eu-list-third-country-jurisdictions-tax-purposes_en

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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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