Changes in EU's blacklist of tax havens
European Union finance ministers are set to remove tax havens from the bloc's blacklist.
European Union finance ministers are set to remove the Seychelles, Dominica and Anguilla from the bloc's blacklist of tax havens next week, documents seen by Reuters indicate, while Panama has failed in its request to be delisted.
According to Reuters, the list was established in 2017 to counter widespread tax evasion and tax avoidance, and has been updated periodically to remove or add jurisdictions depending on their tax reforms.
EU tax experts have recommended the delisting of the Caribbean island of Dominica, the British Caribbean territory of Anguilla and the Seychelles, mostly because they have committed to undergo a supplementary review of their tax systems with the Global Forum on Transparency and Exchange of Information for Tax Purposes, the leading international body on tax evasion, the documents show.