{"id":31394,"date":"2019-05-17T14:19:47","date_gmt":"2019-05-17T18:19:47","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=31394"},"modified":"2019-05-17T14:19:47","modified_gmt":"2019-05-17T18:19:47","slug":"european-union-removes-three-caribbean-countries-from-its-black-list","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/european-union-removes-three-caribbean-countries-from-its-black-list\/","title":{"rendered":"European Union removes three Caribbean countries from its black list"},"content":{"rendered":"
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The Council of the European Union Friday said it had removed Aruba, Barbados and Bermuda from the EU\u2019s list of non-cooperative jurisdictions<\/p>

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It said the EU list is contributing to on-going efforts to prevent tax avoidance and promote good governance principles such as tax transparency, fair taxation or international standards against tax base erosion and profit shifting.<\/p>\n

\"\"<\/a>The list was established in December 2017 and was revised in March this year, following an in-depth review of the implementation of the commitments taken by third country jurisdictions that are part of the process.<\/p>

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\u201cBarbados has made commitments at a high political level to remedy EU concerns regarding the replacement of its harmful preferential regimes by a measure of similar effect, whilst Aruba and Bermuda have now implemented their commitments.
\n\u201cAt the same time, Bermuda remains committed to address EU concerns in the area of collective investment funds. As a consequence, Barbados and Bermuda will be moved from annex I of the conclusions to annex II, which includes jurisdictions that have undertaken sufficient commitments to reform their tax policies, while Aruba will be removed entirely from both Annexes,\u201d the Council said in a statement.<\/p>

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It said as a result, 12 jurisdictions remain on the list of non-cooperative jurisdictions including Belize, Dominica, Trinidad and Tobago and the US Virgin Islands.<\/p>\n

\u201cThe work on the EU list of non-cooperative jurisdictions is a dynamic process. The Council will continue to regularly review and update the list in 2019, whilst it has requested a more stable process as from 2020,\u201d the Council added.<\/p>

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Caribbean Community (CARICOM) countries have consistently condemned the decision by the EU to place regional countries on its so-called black list and CARICOM foreign ministers, who ended a two-day meeting in Grenada earlier this week, said in a statement that they had taken note of the strategies put in place to address the issue of blacklisting.<\/p>\n

\u201cThis included calling on CARICOM Ambassadors in Brussels and New York to engage third countries on this critical issue.<\/p>

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\u201cMinisters viewed the EU\u2019s approach to \u201ctax good governance\u201d as inappropriate and recall that the relevant agency to deal with these matters is the Organisation for Economic Cooperation and Development (OECD) Forum for Harmful Tax Practices which is inclusive in allowing other Member States to be present and to be consulted. In that regard they called on the EU to adopt a more collaborative approach,\u201d the foreign ministers added.<\/p>

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\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The Council of the European Union Friday said it had removed Aruba, Barbados and Bermuda from the EU\u2019s list of non-cooperative jurisdictions It said the EU list is contributing to on-going efforts to prevent tax avoidance and promote good governance principles such as tax transparency, fair taxation or international standards against tax base erosion and […]<\/p>\n","protected":false},"author":3,"featured_media":13786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-31394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional"],"yoast_head":"\nEuropean Union removes three Caribbean countries from its black list - 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\/european-union-removes-three-caribbean-countries-from-its-black-list\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Union removes three Caribbean countries from its black list\" \/>\n<meta property=\"og:description\" content=\"The Council of the European Union Friday said it had removed Aruba, Barbados and Bermuda from the EU\u2019s list of non-cooperative jurisdictions It said the EU list is contributing to on-going efforts to prevent tax avoidance and promote good governance principles such as tax transparency, fair taxation or international standards against tax base erosion and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/european-union-removes-three-caribbean-countries-from-its-black-list\/\" \/>\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=\"2019-05-17T18:19:47+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/european-union-removes-three-caribbean-countries-from-its-black-list\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/european-union-removes-three-caribbean-countries-from-its-black-list\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"European Union removes three Caribbean countries from its black list\",\"datePublished\":\"2019-05-17T18:19:47+00:00\",\"dateModified\":\"2019-05-17T18:19:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/european-union-removes-three-caribbean-countries-from-its-black-list\/\"},\"wordCount\":409,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/european-union-removes-three-caribbean-countries-from-its-black-list\/#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\/european-union-removes-three-caribbean-countries-from-its-black-list\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/european-union-removes-three-caribbean-countries-from-its-black-list\/\",\"url\":\"https:\/\/antiguanewsroom.com\/european-union-removes-three-caribbean-countries-from-its-black-list\/\",\"name\":\"European Union removes three Caribbean countries from its black list - 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