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EU ADDS ANGUILLA, BAHAMAS AND TCI TO TAX BLACKLIST

Ursula von der Leyen


October 10, 2022 | By Colin O. Jarrett |

The European Union, EU added The Bahamas and the Turks and Caicos Islands to its tax haven blacklist and also put Anguilla back on as a “non-cooperative jurisdiction” just a year after it was removed.

The EU said it made the additions largely due to “concerns that these// three jurisdictions, which all have a zero or nominal-only rate of corporate income tax, are attracting profits without real economic activity”.  The EU established the blacklist in 2017 to tackle rampant tax evasion.

Twelve jurisdictions are now considered non-cooperative including Anguilla, The Bahamas, Panama, Trinidad and Tobago and The Turks and Caicos Islands.  EU member countries are not screened for possible inclusion on the blacklist.

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