Two CARICOM Member States removed from EU list of non-cooperative jurisdictions

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Friday, May 25, 2018 — EU Council removed the Bahamas and Saint Kitts and Nevis from the EU’s list of non-cooperative tax jurisdictions.

The EU’s list is contributing to on-going efforts to prevent tax fraud and promote good governance worldwide. It was established in December 2017.

“Having fewer jurisdictions on the list is a measure of the success of the listing process”, said Vladislav Goranov, Minister for Finance of Bulgaria, which currently holds the Council presidency. “As jurisdictions around the world work to reform their tax policies, our challenge for the rest of the year will be to see that their commitments have been correctly implemented.”

The list is contained in annex I of conclusions adopted by the EU Council in December 2017.

The Bahamas and Saint Kitts and Nevis have made commitments at a high political level to remedy EU concerns. EU experts have assessed those commitments.

Read more at: Organisation of Eastern Caribbean States

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