Council Of EU Adds Dominica To Bloc's Blacklist Of Tax Havens, Delists Barbados
Muhammad Irfan 7 days ago Mon 22nd February 2021 | 06:20 PM
BRUSSELS (UrduPoint News / Sputnik - 22nd February, 2021) The European Union has added Dominica to the bloc's list of countries with "non-cooperative jurisdictions" regarding taxation, or so-called tax havens, and removed Barbados from the list, the Council of the EU said on Monday.
"The Council today adopted conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, deciding to add Dominica to the EU list of non-cooperative jurisdictions (Annex I of the conclusions) and to remove Barbados from that list," the EU body said in a press release.
The EU's list was created in 2017 to fight money laundering. As of now, it includes 12 jurisdictions - American Samoa, Anguilla, Dominica, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the US Virgin Islands and Vanuatu.