The Council on the European Union revised and updated the EU’s list of non-cooperating countries and territories, from which Barbados was removed and the Dominican Republic added to the remaining eleven countries.
The Council of the European Union said that Barbados has successfully implemented all necessary reforms to comply with the European Union’s principles of good tax governance before the agreed deadline.
The list includes Vanuatu, Samoa, American Samoa, administered by the United States, Trinidad and Tobago, Guam, Fiji (Fiji), the Virgin Islands, Palau, Panama, Seychelles, and British Overseas Territories. Anguilla, which belongs to the archipelago of the Lesser Antilles, belongs to the Dominican community, which is also located in the Caribbean, because it was justified not to implement the tax reforms to which they were committed.
Barbados has been removed from the list.
Press release: https://t.co/79BCy6jDVd
European Union Council Press (EUCouncilPress) February 22, 2021
The list includes countries or territories that either do not engage in constructive dialogue with the European Union on tax governance or have not fulfilled their obligations to implement the reforms necessary to meet EU standards by the deadline.
Countries or territories that do not yet meet all international tax standards but have committed to reforms are considered cooperative and are listed in a separate inventory document. In this context, the Council was informed that Morocco, Namibia and Saint Lucia in the Caribbean had fulfilled all of their tax obligations, and therefore these countries should be removed from the document.
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Jamaica has committed to amend or abolish its inadequate tax system by the end of 2022, Australia and Jordan have extended deadlines, and the Maldives have given an additional four months to ratify the OECD Agreement on Mutual Administrative Assistance in Tax Matters. In addition, Turkey has been asked to remove obstacles to sharing tax information and activate its relationship with automatic information exchange with all 27 EU member states.
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