The European Commission has published the latest update on March 12, 2019 for list of uncooperative tax jurisdictions.
The Commission said the list was the result of an extensive screening of 92 jurisdictions, using internationally recognised good governance criteria. The countries that were ultimately blacklisted were those that failed to make a high-level commitment to comply with the agreed good governance standards. Most of these countries had until 31 December 2018 to deliver on their commitments
These are the jurisdictions, included in the blacklist
- Dominica *
- Vanuatu *
- Barbados*
- Belize *
- UAE*
- Oman*
- Fiji *
- Marshall Islands*
- US Virgin islands,
- Samoa
* These countries moved from greylist to blacklist
Dominica, Vanuatu, Samoa are the only blacklisted three countries that have CBI schemes running
The EC commission said – Another 34 jurisdictions have already taken many positive steps to comply with the requirements under the EU listing process, but should complete this work by the end of 2019, to avoid being blacklisted next year. These include
- Antigua & Barbuda
- St Lucia
- St Kitts and Nevis
- Turkey
- Montenegro
Following the commitments in 2017, many countries have now delivered the reforms and improvements that they promised, and 25 countries have been removed/cleared from blacklist. These include
- Grenada
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