The European Union has removed the Bahamas, Belize, Seychelles and the Turks and Caicos Islands from its blacklist of tax havens. The instrument, supposed to fight against tax evasion by multinationals and wealthy people, was created in December 2017.
Sanctions against “blacklisted” countries may include the freezing of European funds. The blacklist, updated twice a year, now includes 12 jurisdictions deemed uncooperative: American Samoa, Anguila, Antigua and Barbuda, Fiji, Guam, Palau, Panama, Russia, Samoa, Trinidad and Tobago.