{"id":15850,"date":"2018-05-25T10:48:09","date_gmt":"2018-05-25T14:48:09","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=15850"},"modified":"2018-05-25T10:48:09","modified_gmt":"2018-05-25T14:48:09","slug":"bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/","title":{"rendered":"Bahamas and St. Kitts Nevis removed from EU list of non-cooperative jurisdictions"},"content":{"rendered":"
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The Council of the\u00a0\u00a0<\/span>European Union (EU) on Friday announced the removal of The Bahamas and St. Kitts Nevis from the EU\u2019s list of non-cooperative tax jurisdictions.\u00a0<\/span><\/p>

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\u201cHaving fewer jurisdictions on the list is a measure of the success of the listing process\u201d, said Vladislav Goranov, minister for finance of Bulgaria, which currently holds the Council presidency. \u201cAs jurisdictions around the world work to reform their tax policies, our challenge for the rest of the year will be to see that their commitments have been correctly implemented.\u201d\u00a0<\/span><\/p>\n

In a statement, the Council said both country\u2019s have made commitments at a high political level to remedy EU concerns and\u00a0\u00a0<\/span>EU experts have assessed those commitments.\u00a0<\/span><\/p>

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\u201cAs a consequence, the two jurisdictions are moved from annex I of the conclusions to annex II, which cites jurisdictions that have undertaken sufficient commitments to reform their tax policies.\u201d<\/p>

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The Council said the implementation of their commitments made by both countries will be carefully monitored by the working group responsible for the listing process. The decision was taken at a meeting of the Economic and Financial Affairs Council, without discussion.\u00a0<\/span><\/p>\n

The EU\u2019s list\u00a0\u00a0<\/span>\u2013 established in December 2017, contributes to on-going efforts to prevent tax fraud and promote good governance worldwide.<\/p>

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The list is contained in annex I of conclusions adopted by the Council in December 2017.\u00a0<\/span><\/p>\n

So far, the jurisdictions remaining on the list of non-cooperative jurisdictions are \u2013 American Samoa, Guam, Namibia, Palau, Samoa, Trinidad and Tobago and the US Virgin Islands.\u00a0<\/span><\/p>

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The Council said the list is revised at least once a year,\u00a0\u00a0<\/span>however, the code of conduct group can recommend an update at any time.\u00a0<\/span><\/p>

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The Council of the\u00a0\u00a0European Union (EU) on Friday announced the removal of The Bahamas and St. Kitts Nevis from the EU\u2019s list of non-cooperative tax jurisdictions.\u00a0 \u201cHaving fewer jurisdictions on the list is a measure of the success of the listing process\u201d, said Vladislav Goranov, minister for finance of Bulgaria, which currently holds the Council […]<\/p>\n","protected":false},"author":3,"featured_media":13786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-15850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional"],"yoast_head":"\nBahamas and St. Kitts Nevis removed from EU list of non-cooperative jurisdictions - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bahamas and St. Kitts Nevis removed from EU list of non-cooperative jurisdictions\" \/>\n<meta property=\"og:description\" content=\"The Council of the\u00a0\u00a0European Union (EU) on Friday announced the removal of The Bahamas and St. Kitts Nevis from the EU\u2019s list of non-cooperative tax jurisdictions.\u00a0 \u201cHaving fewer jurisdictions on the list is a measure of the success of the listing process\u201d, said Vladislav Goranov, minister for finance of Bulgaria, which currently holds the Council […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-25T14:48:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/03\/Eu-Flag.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"Bahamas and St. Kitts Nevis removed from EU list of non-cooperative jurisdictions\",\"datePublished\":\"2018-05-25T14:48:09+00:00\",\"dateModified\":\"2018-05-25T14:48:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/\"},\"wordCount\":285,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/03\/Eu-Flag.jpg\",\"articleSection\":[\"Regional\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/\",\"url\":\"https:\/\/antiguanewsroom.com\/bahamas-and-st-kitts-nevis-removed-from-eu-list-of-non-cooperative-jurisdictions\/\",\"name\":\"Bahamas and St. Kitts Nevis removed from EU list of non-cooperative jurisdictions - 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