EU blacklist now consists of 11 jurisdictions
The European Commission (EC) yesterday issued a release announcing that European Union (EU) member states have updated the list of non-cooperative tax jurisdictions, removing one jurisdiction, Antigua and Barbuda, from Annex I (the so-called “blacklist”) and two jurisdictions, Armenia and Malysia, from Annex II (the “grey list”). However, Antigua and Barbuda will remain on Annex II (the “grey list”), pending the results of review.
The update reduces the number of countries on Annex I to 11 (American Samoa, Anguilla, Fiji, Guam, Palau, Panama, Russia, Samoa, Trinidad and Tobago, U.S. Virgin Islands, and Vanuatu) and on Annex II to nine (Antigua and Barbuda, Belize, the British Virgin Islands, Costa Rica, Curaçao, Eswatini, Seychelles, Turkey, and Vietnam).