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.
Near the top of the business headlines is the battle that Congress has started to wage with Apple Inc. (NASDAQ: AAPL) over the taxes it pays. By some measures, the company barely pays taxes at all.
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