EU publishes list of non co-operative tax jurisdictions

The EU has listed 17 tax jurisdictions that have failed to meet agreed tax good governance standards.

These are American Samoa Bahrain Barbados Grenada Guam Republic of Korea Macao SAR Marshall Islands Mongolia Namibia Palau Panama Saint Lucia Samoa Trinidad and Tobago Tunisia and United Arab Emirates.

As a first step a letter will be sent to all jurisdictions on the list explaining the decision and what they can do to be delisted.

The new list is part of the EU’s work to clamp down on tax evasion and avoidance. It will help the bloc to deal more robustly with external threats to member states’ tax bases and to tackle third countries that consistently refuse to play fair on tax matters.

In addition 47 countries and jurisdictions including Bermuda Cayman Islands...