EU COUNCIL DECISION TO DROP EIGHT COUNTRIES FROM TAX HAVEN BLACKLIST UNDER FIRE
February 1st, 2018
EUROPEAN UNION (EU) finance ministers have agreed to remove eight jurisdictions, including much-criticised Panama that gave the world the ‘Panama Papers’ scandal, from the bloc’s tax haven blacklist, only a month after it was created.
A EU Council of Ministers statement said this decision, which has now been slated by members of the European Parliament (MEPs) and environmentalists, followed “commitments made” by the listed jurisdictions “to remedy EU concerns”. This means that Panama, along with Grenada, Barbados, South Korea, Macao, Mongolia, ...
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