Tags: APFN | EU | Europe | Tax Havens

EU Taking 8 Jurisdictions off Its Tax Haven Blacklist

EU Taking 8 Jurisdictions off Its Tax Haven Blacklist

Tuesday, 23 January 2018 05:54 AM EST

BRUSSELS (AP) — The European Union is taking eight countries and jurisdictions off its tax avoidance blacklist after they made commitments to meet EU requirements.

Barbados, Grenada, Macao, Mongolia, Panama, South Korea, Tunisia and the United Arab Emirates were removed after agreeing to tighten their tax laws.

French Finance Minister Bruno Le Maire said Tuesday that the fresh commitments show "that European pressure is effective. "

Up to now, the system has centered on naming and shaming but Le Maire called for tougher action. He said: "Naming and shaming will not be enough. There also must be sanctions."

The nations now move on to a grey list of over 40 countries and jurisdictions which will be monitored closely.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Union is taking eight countries and jurisdictions off its tax avoidance blacklist after they made commitments to meet EU requirements.Barbados, Grenada, Macao, Mongolia, Panama, South Korea, Tunisia and the United Arab Emirates were removed after agreeing to...
APFN,EU,Europe,Tax Havens
117
2018-54-23
Tuesday, 23 January 2018 05:54 AM
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