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EU removes four countries from ‘bad tax governance’ list

The EU has removed Bahamas, Belize, Seychelles, Turks and Caicos Islands from its list of non-cooperative tax jurisdictions.

• February 21, 2024
Organisation for Economic Co-operation and Development’s (OECD)
Organisation for Economic Co-operation and Development’s (OECD)[Credit: ClearIAS]

The EU has removed Bahamas, Belize, Seychelles, Turks and Caicos Islands from its list of non-cooperative tax jurisdictions.

The EU list included countries that do not comply with good tax governance criteria, which were aligned with the Organisation for Economic Co-operation and Development’s (OECD) standards.

Twelve countries, including Russia, are written on the register of countries that do not cooperate with the EU or have not fully met their commitments.

The EU established the list in 2017 as part of its efforts to fight tax evasion and avoidance.

The list is regularly revised to reflect the most recent changes in governance measures of jurisdictions. 

(dpa/NAN)

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