Ten more countries in EU's tax blacklist including UAE and Bermuda: Statement


Devdiscourse News Desk | Brussels | Updated: 12-03-2019 20:14 IST | Created: 12-03-2019 18:46 IST
Ten more countries in EU's tax blacklist including UAE and Bermuda: Statement
The list, now 15 countries long, was first drawn up in 2017 in the wake of several scandals, including Panama Papers and LuxLeaks, that pushed the EU into doing more to fight tax evasion by multinationals and the rich.

The European Union expanded its tax haven blacklist by 10 countries on Tuesday, adding the United Arab Emirates and Bermuda despite the objections of powerful member states such as Italy.

The list, now 15 countries long, was first drawn up in 2017 in the wake of several scandals, including Panama Papers and LuxLeaks, that pushed the EU into doing more to fight tax evasion by multinationals and the rich.

(With inputs from agencies.)

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