The EU Council approved the black list of offshore

Caught in the list of countries may lose access to the funds of the European Union

The Finance Ministers of the countries of the European Union on Tuesday published a black list of countries not wishing to cooperate with the EU in the field of tax reporting. The list consists of 17 countries, jurisdictions most of which are offshore.

In the published black list includes: American Samoa, Bahrain, Barbados, Grenada, GUAM, Macau, Marshall Islands, Mongolia, Namibia, United Arab Emirates, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and South Korea.

“We are at the level of the EU adopted a list of countries whose governments are not doing enough to combat tax evasion”, – quotes Agency Reuters Minister of Finance of France Bruno Le Mayor.

According to the Minister, caught in the list of countries may lose access to the funds of the European Union. Against them will be introduced and other measures which the EU will decide in a few weeks.

The official decision and the list of countries should be published later on the website of the EU Council. Le Mayor noted that 47 other jurisdictions included in the overall “gray” list of countries that currently do not meet the EU standards, but has pledged to change its tax rules.

© 2017 – 2019, paradox. All rights reserved.