On 20 February 2024 the EU published an update to its so-called “Blacklist” of jurisdictions that are not cooperative for tax purposes and “Grey List” of cooperative jurisdictions that have not yet fully met their commitments to comply with tax good governance criteria.
Whilst various jurisdictions have been removed from the lists, no new jurisdictions have been added to the Blacklist and the only jurisdictions added to the Grey List were those previously on the Blacklist (see further detail below).
Changes to the EU Blacklist
The Bahamas and Turks and Caicos Islands have both been removed from the Blacklist. They had previously been listed for facilitating offshore structures and arrangements aimed at attracting profits without real economic substance.
Belize and Seychelles have been removed from the Blacklist, having been added in October 2023 following a negative assessment by the OECD Global Forum regarding the exchange of information on request. These jurisdictions have been moved to the Grey List pending a supplementary review by the Global Forum.
The EU Blacklist now comprises American Samoa, Anguilla, Antigua and Barbuda, Fiji, Guam, Palau, Panama, the Russian Federation, Samoa, Trinidad and Tobago, the US Virgin Islands and Vanuatu.
Changes to the EU Grey List
Albania and Hong Kong have been removed from the Grey List, having fulfilled their commitments to amend what were previously identified as harmful tax regimes.
Aruba and Israel fulfilled their commitments relating to the automatic exchange of information and have therefore also been removed from the Grey List.
As mentioned above, Belize and Seychelles have been moved from the Blacklist to the Grey List.
Finally, Botswana and Dominica received positive ratings with respect to the exchange of information on request, and have thus been removed from the Grey List.
The EU Grey List now comprises Armenia, Belize, the British Virgin Islands, Costa Rica, Curaçao, Eswatini, Malaysia, Seychelles, Turkey and Vietnam.
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BS
The European Union will not “[white]list” Antigua & Barbuda if there is real transparency; co-operation; and the valid information they require from this government.
Sounds simple enough to many of us Lionel.
Is the ABLP “allergic” to accountability?
MUST BE …
I hope they Bann us too and force us to get visa… That way born Antiguans will Win. All these non nationals will stop coming here for our passport and people will vote these fucking shit-head red politicians out of office for fucking up our lives even more and the country. Hopefully run them out the country too. I have 0 sympathy for Antigua suffering because ppl with our passports come here and keep Ablp in power just so the can bleed our economy to send home money in western union with no restrictions and dunce ppl talking bout caricom brother and sisters mean while all a dem talk bad bout Antigua with our passport in they had with no skill to better Antigua (weak immigration just ask perceel lol)… Which island you see Antiguans a flock too??…NONE!!! We care about America & Europe we had a great relationship with dem untill these fuckers…. I heard lots of Jamaica say they finally got visa with Antiguan passport… Why would they say that if their-own wasn’t as good?hmmm.. .. Antigua need to suffer to get a real wake up call. Good Eroupe ban us we too weak and stupid… Thank ABLP you’ve accomplished your goal to get rich and fuck up antigua…. talk about kill two birds with one TONE!!! HAHAHA…
Is that why Jamaica has an embassy and antigua does not?
This could have been avoided…
@Pissed of Antiguan, big up. Our country is indeed overrun with these non-nationals who were brought here by ALP to remain in power. They continue to support ALP, most of them, not because they love Antigua but because they want to use Antigua.
Antigua and Barbuda is for Antiguans and Barbudans first.
Why does Max continue running his mouth? The troubles we are experiencing is because of the corrupt, scandalous, lying, unscrupulous Gaston Browne led administration. Unless we remove them, Antigua and Barbuda will continue to sink to next levels of poverty, crimes, scandals, nepotism and corruption. Simple really.
@Pissed of Antiguan, big up. Our country is indeed overrun with these non-nationals who were brought here by ALP to remain in power. They continue to support ALP, most of them, not because they love Antigua but because they want to use Antigua.
Antigua and Barbuda is for Antiguans and Barbudans first.
Why does Max continue running his mouth? The troubles we are experiencing is because of the corrupt, scandalous, lying, unscrupulous Gaston Browne led administration. Unless we remove them, Antigua and Barbuda will continue to sink to next levels of poverty, crimes, scandals, nepotism and corruption. Simple really.
No matter what this lying old fool says.
Corresponding banking will be a thing of the past soon, the ISO20022 system is going to take over cross border transactions, SWIFT will convert to P to P transactions in the future.
The new system in the US right now is called Fed Now, the Federal Government do transactions with the banks in the US through Fed Now, much cheaper, easier and faster, retailers may be able to use that system soon.
Caribbean Central banks and the local banks should connect to Ripple XRPL for cross border transactions, it message and settle within 3 seconds.
Only we in the west are not up to speed with the future digital financial system, because the western super powers Governments are fighting to protect the US$ as the World currency, it is 3billion people in the west, against 7 billion people in the east, go figure who will win this Financial system dominance War.
I do not think Palau cares about this black list, because they are Working with Ripple to develop their digital dollar and be Ripple XRPL digital rail.
Russia and China did billions of oil trade a couple of Months ago, using their own currency, through their system that runs on the Blockchain, while the BRICS Nations are moving ahead, the West is becoming a wounded Animal, all because of the sanctions and bullying of other Nations, and the US debt is 34 trillions, they can not even pay the interest, that is why they want to start WW3.
It is just a matter of time before we no longer have to bow to the west thanks to blockchain tech and decentralization . When that time comes, then I will really celebrate emancipation from slavery.
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