EU removes three countries from tax haven blacklist

BRUSSELS, May 17 (KUNA) -- European Union Economic and Finance Ministers Friday decided to remove Aruba, Barbados and Bermuda from the EU blacklist of tax havens.
Barbados has made commitments at a high political level to remedy EU concerns, whilst Aruba and Bermuda have now implemented their commitments, said the Ministers in a statement.
Aruba is an island and a constitutent country of the Netherlands in the southern Caribean sea.
The EU list is contributing to on-going efforts to prevent tax avoidance and promote good governance principles such as tax transparency, fair taxation or international standards against tax base erosion and profit shifting, it said.
The list was established in December 2017 and was revised in March 2019.
Twelve jurisdictions remain on the EU's tax haven blacklist: American Samoa, Belize, Dominica, Fiji, Guam, Marshall Islands, Oman, Samoa, Trinidad and Tobago, United Arab Emirates, US Virgin Islands and Vanuatu.(end) nk.tg