EU updates tax "blacklist"

According to this, Anguilla, Dominica and Seychelles, which were previously on the EU tax blacklist, were removed from the list on the grounds that they acted "substantially compliant" on data sharing on request.
Thus, American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu were included in the EU's black list of non-cooperating countries on taxation. Updated the list.

Anguilla, Dominica and Seychelles, which were blacklisted with Costa Rica, Hong Kong, Malaysia, North Macedonia, Qatar and Uruguay, were added to the gray list. Australia, Esvatini and Maldives were removed from the gray list on the grounds that they implemented the necessary tax reforms. Progress on automatic data sharing with member states in the update. Turkey was left on the gray list on the grounds that the country has provided a sufficient supply of goods but there are additional steps to be taken.

In 2017, the EU started the process of determining a "tax havens list" after it was revealed that many companies and individuals were avoiding taxes by using off-shore accounts. During the preparation of the list, which aims to combat tax evasion, tax systems of various countries were examined. Countries that have committed to reforms to remedy the situation are blacklisted. The list is updated in February and October each year. The financial transactions of the blacklisted countries with the EU are more strictly controlled. EU member states are not included in the tax blacklist assuming they "behave in accordance with tax standards". It is noteworthy that EU countries that offer attractive tax opportunities such as Luxembourg, Malta, Netherlands, Ireland, Bulgaria and the Greek Cypriot Administration are not included in the list.