The Council of the European Union said Friday it would remove the Caribbean islands of Aruba and Barbados and the North Atlantic territory Bermuda from its list of tax havens
MOSCOW (Pakistan Point News / Sputnik - 17th May, 2019) The Council of the European Union said Friday it would remove the Caribbean islands of Aruba and Barbados and the North Atlantic territory Bermuda from its list of tax havens."The Council today decided to remove Aruba, Barbados and Bermuda from the EU list of non-cooperative tax jurisdictions," the statement read.
The step was taken in recognition of their efforts to prevent tax avoidance. Barbados has committed to changing its preferential tax regime, while Aruba and Bermuda have already made some progress.
The list was created in 2017 to fight money laundering. It includes 12 territories now - American Samoa, Belize, Dominica, Fiji, Guam, Marshall Islands, Oman, Samoa, Trinidad and Tobago, the United Arab Emirates, US Virgin Islands and Vanuatu.
