EU to remove Switzerland, UAE from tax haven lists
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European Union finance ministers are set to remove Switzerland and United Arab Emirates (UAE) next week from the bloc's lists of countries deemed to act as tax havens, an EU document said.
On October 10 they are expected to drop UAE from the blacklist, which includes jurisdictions that have failed to cooperate with the EU on tax matters. The Pacific archipelago of the Marshall Islands will also be removed from that list.
Switzerland will be removed from the grey list that includes countries that have committed to change their tax rules to make them compliant with EU standards. Switzerland has delivered on its commitments, the document said.
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Comments (6) Closed
Oct 04, 2019 03:59pm
It was always coming knowingly that all black money is stashed over there.
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Oct 04, 2019 04:23pm
"EU to remove Switzerland, UAE from tax haven lists...."
WOW...power of money...
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Oct 04, 2019 04:55pm
There are UN Conventions on corruption, money laundering. But the safe heavens, like Switzerland,UAE,Bahamas, Panama, Cayman,
etc are continuing their businesses.
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Oct 05, 2019 12:18am
West has double standards..For their benefits...can conveniently closed their eyes and laws are amended too...Long live hypocrisy...
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Oct 05, 2019 06:35am
@bhaijan sure my friend unfortunately that’s how the world works and will continue to work. It is a shame but a reality. Money speaks!
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Oct 05, 2019 12:56pm
Why is UAE and Switzerland not on FATF blacklist, hypocrisy.
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