11/10/24

EU: EU drops Antigua and Barbuda from tax haven blacklist

As published on: legal.economictimes.indiatimes.com, Friday 11 October, 2024.

The European Union removed Antigua and Barbuda from its tax haven blacklist on Tuesday, an instrument that has been slammed as ineffective in the past by anti-poverty groups.

The list, approved by the EU's member states, now counts 11 jurisdictions deemed non-cooperativeg for tax purposes, particularly where it comes to sharing tax information.

It now has: American Samoa, Anguilla, Fiji, Guam, Palau, Panama, Russia, Samoa, Trinidad and Tobago, US Virgin Islands, and Vanuatu.

"The Council regrets that these jurisidictions are not yet cooperative on tax matters and invites them to improve their legal framework in order to resolve the identified issues," the council, made up of the EU's 27 member states, said in a statement.

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EU EU Blacklist Tax haven Antigua and Barbuda