EU expands its tax haven blacklist by 10 countries, adding the United Arab Emirates and Bermuda
European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 6, 2019.
The list, now 15 countries long, was first drawn up in 2017 in the wake of several scandals, including Panama Papers and LuxLeaks, that pushed the EU into doing more to fight tax evasion by multinationals and the rich.Aruba, Barbados, Belize, Bermuda, Fiji, Marshall Islands, Oman, the United Arab Emirates, Vanuatu, and Dominica are added to the list.
Jurisdictions are added to the list if their tax rules enable tax evasion in other states. They are removed if they commit to reforms.
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