EU to Delist 3 States from Tax Haven Blacklist including Bahrain
2018-03-07 - 9:39 م
Bahrain Mirror: Reuters said that European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows.
Bahrain, the Marshall Islands and Saint Lucia are to be delisted after they made "specific commitments" to adapt their tax rules and practices to EU standards, the document says. Those commitments are not public.
This move, suggested by EU experts and that is expected to be endorsed by the ministers in their meeting on March 13, came after the delisting in January that cut 8 jurisdictions out of 17.
The jurisdictions that remain on the blacklist are American Samoa, Guam, Namibia, Palau, Samoa and Trinidad and Tobago.
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