Don't miss

Replay


LATEST SHOWS

THE DEBATE

Day 100 for Oleg Sentsov: Crimean-born filmmaker on indefinite hunger strike

Read more

IN THE PRESS

‘Asia Weinstein’: Italian press relishes Argento assault allegations

Read more

FOCUS

Venezuela: Worsening economic crisis erodes Chavista stronghold

Read more

ENCORE!

Strike a pose: The Studio Harcourt on capturing star profiles across the decades

Read more

EYE ON AFRICA

Jacob Zuma corruption scandal: Influence-peddling inquiry opens

Read more

MEDIAWATCH

#MeToo accuser accused in turn

Read more

THE DEBATE

Venezuela's meltdown

Read more

BUSINESS DAILY

Greece turns the page on eight years of bailout programmes

Read more

THE INTERVIEW

'A lot of IS group fighters are underground,' says US-led coalition spokesman

Read more

Europe

European Union adopts blacklist of 17 tax havens

© Jewel Samad, AFP | Tourists play on the water along a beach as the sun sets in Bridgetown, Barbados, on March 24, 2017.

Text by NEWS WIRES

Latest update : 2017-12-05

European Union finance ministers adopted on Tuesday a blacklist of tax havens which includes 17 extra-EU jurisdictions seen as not cooperative on tax matters, French Finance Minister Bruno Le Maire said.

American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and United Arab Emirates are the countries listed, officials said.

Le Maire said that another 47 jurisdictions are included in a public “grey” list of countries that are currently not compliant with EU standards but have committed to change their tax rules.

EU adopts blacklist of 17 tax havens

Following multiple disclosures of offshore tax avoidance schemes by companies and wealthy individuals, EU states launched a process in February to list tax havens in a bid to discourage setting up shell structures abroad which are themselves in many cases legal but could hide illicit activities.

Blacklisted countries could lose access to EU funds. Other possible countermeasures will be decided in coming weeks, Le Maire said.

(REUTERS)

Date created : 2017-12-05

  • BUSINESS

    Paradise Papers: Apple shifted billions offshore to avoid tax

    Read more

  • BUSINESS

    Leaks reveal UK Queen's offshore funds, US commerce chief's Russia ties

    Read more

  • EUROPE

    French banks posted 'multi-billion euro profits' in tax havens

    Read more

COMMENT(S)