EU blacklist names 17 tax havens and puts Caymans and Jersey on notice

[Eugene]

Source: The Guardian

EU blacklist names 17 tax havens and puts Caymans and Jersey on notice

Brussels identifies 17 states including South Korea, Barbados, Panama and UAE with 47 others such as the Isle of Man and Bermuda warned

Daniel Boffey in Brussels
Tuesday 5 December 2017 14.16 GMT

The EU has named and shamed 17 states in its first ever tax haven blacklist and put a further 47 states on notice, including British overseas territories and the crown dependencies of Jersey, Guernsey and the Isle of Man, in an attempt to clamp down on the estimated £506bn lost to aggressive avoidance every year.

The move was hailed as a vital “first step” but the failure of the member states to agree on any sanctions for those on the blacklist provoked the European commissioner for economic and financial affairs, Pierre Moscovici, to concede it was as yet “an insufficient response”.

The blacklisted states include South Korea, Mongolia, Namibia, Panama, Trinidad & Tobago, Bahrain and the United Arab Emirates.

Guam, the US territory in the Pacific, also features on the blacklist, in a move that is unlikely to endear Brussels to Donald Trump’s White House.

-snip-

The other states on the blacklist are: American Samoa, Barbados, Grenada, Macau, the Marshall Islands, Palau, St Lucia, Samoa and Tunisia.

-snip-

Read more: https://www.theguardian.com/business/2017/dec/05/eu-blacklist-names-17-tax-havens-and-puts-caymans-and-jersey-on-notice

[AmericanActivist]

1. K n R nm

[Sneederbunk]

2. Caymans not mentioned in piece.

[Eugene]

3. Paragraph 6 - on the "grey list"

Also listed on the graphic as one of the 5 UK territories on notice.

[Sneederbunk]

4. Thank you.