EU Removes Panama From Tax Haven Blacklist
29 Articles
29 Articles
EU withdraws Panama and Vietnam from its list of tax havens after progress in good fiscal governance, a decision taken in Luxembourg.
The European Union announced on Friday 9 October that it had removed Panama and Vietnam from its list of tax havens, in view of the progress made by these two countries in terms of financial transparency.
President Mulino stressed that “this is the result of a struggle that I started in the private sector, and I led her as president, from day one. I did it working together with a great team and with the support of all sectors, whom I thank for
The withdrawal from Panama and Vietnam reduces the number of countries or territories on the European Union's blacklist of tax havens to eight.
South China Morning Post
EU removes Panama from tax haven blacklist
The EU removed Panama from its tax havens blacklist on Friday after the country made progress on sharing tax information and reformed a “harmful” regime of exemptions for foreign-source income. Vietnam was also removed after undertaking a series of reforms. The updated list now contains eight “non-cooperative” jurisdictions: American Samoa, Anguilla, Guam, Palau, Russia, Turks and Caicos Islands, US Virgin Islands and Vanuatu. “This update refle…
On Friday, the European Union removed Panama from its list of tax havens, rewarding Panama's reforms to comply with international transparency standards.
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