Oxfam calls EU's revised tax haven blacklist 'a joke'
The EU announced Tuesday its revised tax haven blacklist, which removed Anguilla, Dominica and Seychelles, but the NGO Oxfam immediately called it "a joke" given the Pandora Papers revelations. The list, approved by EU finance ministers meeting in Luxembourg, now counts nine jurisdictions deemed non-cooperative for tax purposes, particularly where it comes to sharing tax information under an OECD agreement. It features three US territories -- American Samoa, Guam and the US Virgin Islands -- as well as Fiji, Palau, Panama, Samoa, Trinidad and Tobago, and Vanuatu. Anguilla, Dominica and Seychelles were downgraded to an annexe grey list the EU keeps of jurisdictions considered to be committed to international tax standards -- but not yet there. Other territories added to that grey list were Costa Rica, Hong Kong, Malaysia, North Macedonia, Qatar and Uruguay, according to a statement by the European Council. The statement said that Australia, Eswatini and the Maldives were removed from the grey list. Oxfam, a British charity campaigning against global poverty, said in a statement that the EU's list was ineffective and insufficient given the Pandora Papers. The massive trove of...