Wednesday 20 March, 2019

St Lucia officially removed from EU blacklist

It's official, St Lucia has been removed from the European Union's blacklist of countries deemed to be tax havens.

Last week it was reported that St Lucia, along with Bahrain and the Marshall Islands, would be removed from the blacklist and placed on a 'grey list' comprised of countries that had made acceptable commitments to bring their tax systems up to EU standards.

This was made official today at a meeting of EU finance ministers.

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However U.S. Virgin Islands, Bahamas and Saint Kitts and Nevis were all blacklisted at the meeting, joining American Samoa, Guam, Namibia, Palau, Samoa and Trinidad and Tobago.

The ministers also added Anguilla, the British Virgin Islands, Dominica and Antigua and Barbuda to the 'grey list.'

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