EU added Bahamas, U.S. Virgin Islands, St. Kitts to tax haven list

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March 13, 2018

European Union finance ministers added the Bahamas, the U.S. Virgin Islands and Saint Kitts and Nevis to the EU blacklist of tax havens on Tuesday, an EU document said.

The ministers have also decided in their regular monthly meeting to remove Bahrain, the Marshall Islands and Saint Lucia, confirming earlier Reuters reports.

The blacklist, set up to discourage the use of shell structures abroad, currently includes nine jurisdictions. The other six are American Samoa, Guam, Namibia, Palau, Samoa and Trinidad and Tobago.

On Tuesday, ministers also decided to add Anguilla, the British Virgin Islands, Dominica and Antigua and Barbuda to a so-called gray list of jurisdictions which do not respect EU anti-tax avoidance standards but have committed to change their practices.

The blacklist was set up in December, but Caribbean islands hit by hurricanes last year were given more time to adapt their tax practices to EU requests.

Euro coins are seen in front of displayed flag and map of European Union in this picture illustration taken in Zenica, May 28 2015. REUTERS/Dado Ruvic


News date : 03/13/2018    Category : Caribbean News, Finance, World News

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