During its meeting of May 25, 2018 the Economic and Financial Affairs (ECOFIN) Council again removed 2 jurisdictions from the EU list of non-cooperative jurisdictions for tax purposes. This time Bahamas and Saint Kitts and Nevis were removed from the list.
According to the Council the Bahamas and Saint Kitts and Nevis have made commitments at a high political level to remedy EU concerns. EU experts have assessed those commitments. As a consequence, the two jurisdictions are moved from annex I of the conclusions to annex II, which cites jurisdictions that have undertaken sufficient commitments to reform their tax policies.
As a result the following 7 jurisdictions remain on the list of non-cooperative jurisdictions:
· American Samoa;
· Guam;
· Namibia;
· Palau;
· Samoa;
· Trinidad and Tobago; and
· the US Virgin Islands.
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