EU blacklists 17 non-EU tax havens, including the UAE, Tunisia and Namibia
Brussels — On Tuesday, EU ministers adopted a blacklist of 17 non-EU tax havens, including Panama, South Korea and the United Arab Emirates (UAE), after a year of tough negotiations. The Paradise Papers leak last month gave a new impetus to the plan, making public some of the intricate ways the world’s rich evade tax using offshore havens. "We have adopted, at EU level, a list of states which are not doing enough to fight tax evasion. This blacklist includes 17 states," French finance minister Bruno Le Maire told reporters in Brussels. The EU has struggled for more than a year to finalise the blacklist, with smaller, low-tax EU nations, such as Ireland, Malta and Luxembourg, worried about scaring off multinationals. The countries on the list are American Samoa, Bahrain, Barbados, Grenada, Guam, Macau, the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, South Korea, Trinidad and Tobago, Tunisia and the UAE. A further 47 countries are on a "grey list", sources ...
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