Share article:
Share article:

EU again considers “black list” of tax havens

© Belga
Three months ago, European countries put seventeen countries on the first ever joint list of countries that they consider as tax havens.
© Belga

European finance ministers have again broached the European “black list” of countries, which are making no – or very few – efforts to counter fraud and tax evasion. On the list, published for the first time in December 2017, a further nine countries now appear.

Three months ago, European countries placed seventeen countries on the first ever joint list of countries which they consider as tax havens. In January, eight countries had already been removed from the list, and on Tuesday Bahrain, the Marshall Islands and Saint Lucia, were also removed.

Simultaneously, three new countries were added to the list. The relevant countries are the Bahamas, Saint Kitts and Nevis and the American Virgin Islands. They form part of a group of Caribbean islands that in September 2017 were affected by a number of hurricanes. As a result they obtained an extension of time from the EU, to allow them prove that they were actually tackling tax evasion.

Three countries were not able to provide such guarantees to European ministers and have therefore been added to the list. On Tuesday, four other countries were put on the European “grey list”. 

On this grey list there are around sixty countries which are committed “at the highest political level” to fighting tax fraud, although European countries consider that they should be closely monitored all the same.

European member states are also trying to counter criticisms relating to the fact that the criteria which they apply, for placing countries on the black or grey list, may be somewhat opaque. By publishing letters sent by the competent working group, they hope to show greater transparency. The EU is also seeking the permission of the countries affected to publish their various commitments, as regards fighting tax fraud.


The Brussels Times

Latest news

Flanders introduces ‘invisible’ speed cameras
New digital speed cameras that are essentially invisible to the road user are being introduced on various roads and motorways in Flanders, Flemish ...
Warnings issued for slippery roads across Belgium
Drivers have been asked to watch out for slippery roads from Saturday afternoon until Sunday evening, as snow and cold temperatures are expected ...
Testing rules following high-risk contact eased for vaccinated people
The coronavirus testing policy following a high-risk contact has been eased, meaning a vaccinated person who was in contact with an infected person ...
New measures announced for Belgian schools
Stricter rules are being implemented across a variety of sectors in Belgium to curb the rising number of infections and limit the damage as a result ...
Majority of booster doses should be administered by March 2022
Invitations will be sent out in the following days for the general population in Belgium to receive a coronavirus booster vaccine, and most adults ...
Belgium adopts national plan to combat gender-based violence
Belgium has adopted a National Action plan for the Fight against Gender-Based Violence, which includes more than 200 measures and unites all levels ...
Antwerp cancels Christmas market and New Year’s Eve fireworks
The city of Antwerp has joined other cities including Leuven and Ghent by announcing it is cancelling this year's Christmas market, the end-of-year ...
Pharmaceutical companies looking into vaccines against new variant
Pharmaceutical companies have sprung into action to look into vaccine protection against the new coronavirus variant first detected in South Africa, ...
Belgium imposes entry ban on travellers from southern Africa
Belgium is introducing an entry ban for travellers from several countries in the south of Africa following concerns about a new variant (B.1.1.529) ...
What Ursula did next
BRUSSELS BEHIND THE SCENES • Weekly analysis and untold stories
Nightclub closures, limiting contacts: These rules come into force today
Just over one week after its last meeting, Belgium's Consultative Committee on Friday once again announced a set of new measures to curb the rising ...
Almost 3,500 Covid-19 patients in hospitals as new cases continue to skyrocket
The number of new coronavirus cases in Belgium is continuing to rise, and with it the number of Covid-19 patients who are hospitalised as a result of ...