EU removes Aruba, Bermuda from tax haven blacklist

Friday, May 17, 2019

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BRUSSELS,Belgium(AFP) — The EU removed three countries from its blacklist of tax havens Friday, drawing the ire of activists who said the practice is still rife in theisland nations.

At talks in Brussels, finance ministers from the EU's 28 member states struck Aruba, Barbados and Bermuda from the EU list of non-cooperative tax jurisdictions.

The list was first drawn up in 2017 in the wake of several scandals, including the Panama Papers and LuxLeaks, that pushed Brussels into doing more to fight tax evasion by multinationals and the rich.

The EU's black list now includes twelve countries and territories, including four under US jurisdiction: the American Virgin Islands, American Samoa, Marshall Islands and Guam.

The others are Belize, Dominica, Fiji, Oman, Samoa, Trinidad and Tobago, Vanuatu and the United Arab Emirates.

"EU governments have — once again — let some of the world's worst tax havens off the hook," said Chiara Putaturo, Oxfam's EU policy advisor on tax.

"The reforms agreed by Bermuda, Barbados and Aruba will not stop them operating as tax havens," she said.

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