ECONOMY - FINANCE - BUSINESS / Taxation

European ‘black’ list now includes 12 non-cooperative non-Member States

Brussels, 17/05/2019 (Agence Europe)

As announced on Friday 17 May, the European Finance Ministers acknowledged the removal of three territories from the European 'black' list of non-cooperative jurisdictions in terms of taxation: Aruba, Bermuda and Barbados (see EUROPE B12256A4). These three territories were added to the ‘black’ list in March because of their regulatory loopholes favouring tax evasion (see EUROPE B12212A5). 

Bermuda and Barbados will therefore return to the ‘grey' list of countries that present tax...