PANAMA, 7 OTHERS OFF EU’S TAX BLACKLIST

The EU will soon remove eight countries from its tax haven blacklist to the grey list as they have agreed to improve their tax policies. The countries off the hook are Panama, South Korea, the UAE, Barbados, Grenada, Macao, Mongolia and Tunisia but nine others will remain on the blacklist. The blacklist was adopted by EU members on December 5, 2017.