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.
Caribbean island of St. Kitts and Nevis secured the top spot for the fourth consecutive year, showcasing its enduring appeal among investors seeking alternative citizenship. Dominica, following closely
Jersey could tighten the rules on how it governs American companies based in the island for tax. The treasury said the regulations needed to match the Common Reporting Standard (CRS) – the global
Standard Chartered, KPMG, and the United Nations Office for Disaster Risk Reduction (UNDRR) are urging for a significant increase in the mobilisation of funds for adaptation and resilience, especially
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