Don't miss

Replay


LATEST SHOWS

THE WORLD THIS WEEK

Trump's Jerusalem move angers Muslim world; Brexit: Irish force compromise on border

Read more

REPORTERS

Migrants: Caught in the fire between Libya and Italy

Read more

REVISITED

Video: Tahrir Square, a melting pot for Egyptian revolutions

Read more

FASHION

Mens fashion: ‘The flowers are starting to bloom’

Read more

FRANCE IN FOCUS

Lyon's Fête des Lumières: From candles to extraordinary light shows

Read more

#TECH 24

A glimpse into the hotels of the future

Read more

ENCORE!

'Whose Streets?': On the frontline of Ferguson

Read more

FOCUS

Marine pollution around Dakar reaches critical levels

Read more

#THE 51%

Talking about a revolution: #Metoo campaign is TIME magazine’s Person of the Year

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)