The Ministers of Economy and Finance of the European Union (EU) adopted the blacklist of tax havens of the community club on Tuesday. The list includes 17 countries and jurisdictions, according to what community sources told Efe.
The list includes American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macao, Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and the United Arab Emirates.
The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, announced this Tuesday in Brussels at his entrance to the meeting of economic headlines, that the list should include a score of territories.
The French politician on his arrival to the meeting of EU’s 28 finance ministers said “there will be, I hope, a black list that should include a score of countries that, despite ten months of dialogue, have not made the necessary commitments, and also a list that I would describe as gray, with some forty countries that have made commitments.”
In the case of the more than forty countries of the second repertoire, Brussels will monitor compliance with those commitments with care to ensure that they are respected.
Rechazo la inclusión arbitraria y discriminatoria de Panamá en la listas de paraísos fiscales de la Unión Europea. https://t.co/RsPypDTVlW— Dulcidio DelaGuardia (@ddelaguardia) 5 de diciembre de 2017
Both lists are the result of the analysis made to 92 third countries to verify if they meet the EU criteria on transparency, fair taxation, and erosion of the tax base and transfer of benefits from one territory to another.
The Spanish Minister of Economy, Luis de Guindos, also confirmed the approval of both documents once the meeting of economic headlines was completed.
De Guindos said in a press conference in reference to the black list of tax havens: “we believe that it is a very important step, today (Tuesday) the list of these countries has been approved with a series of provisions on procedures and administrative measures in this matter that are going to be published quickly.”
Regarding these actions, the Panamanian Minister of Economy and Finance, Dulcidio DelaGuardia, demonstrated his rejection through social networks after the inclusion of Panama in EU’s list of tax havens.