EU's tax haven blacklist ruthlessly mocked after bloc REFUSES to include member states | WHAT REALLY HAPPENED


EU's tax haven blacklist ruthlessly mocked after bloc REFUSES to include member states

Earlier today, EU finance ministers agreed 17 countries including South Korea, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and the United Arab Emirates (UAE) are not doing enough to crack down on offshore tax avoidance schemes.

These countries and American Samoa, Bahrain, Barbados, Grenada, Guam, Macau, Marshall Islands, Mongolia, Namibia, Palau, now face restrictions on EU funding or potential investments from the European Investment Bank, while the governments of member states are able to impose their own sanctions on the blacklisted states.

However, the blacklist has already been condemned for being “politically led” after EU countries including Luxembourg and Ireland were left off the list.

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