Skip to Content
Taxation: 2 jurisdictions removed from EU list of noncooperative jurisdictions

Taxation: 2 jurisdictions removed from EU list of noncooperative jurisdictions

Two countries of the Caribbean removed from the EU list of noncooperative jurisdictions

EU Council removed the Bahamas and Saint Kitts and Nevis from the EU's list of non-cooperative tax jurisdictions.

The EU’s list is contributing to on-going efforts to prevent tax fraud and promote good governance worldwide. It was established in December 2017.

“Having fewer jurisdictions on the list is a measure of the success of the listing process", said Vladislav Goranov, Minister for Finance of Bulgaria, which currently holds the Council presidency. “As jurisdictions around the world work to reform their tax policies, our challenge for the rest of the year will be to see that their commitments have been correctly implemented.”

The list is contained in annex I of conclusions adopted by the EU Council in December 2017.

The Bahamas and Saint Kitts and Nevis have made commitments at a high political level to remedy EU concerns. EU experts have assessed those commitments.

As a consequence, the two jurisdictions are moved from annex I of the conclusions to annex II, which cites jurisdictions that have undertaken sufficient commitments to reform their tax policies.

Implementation of their commitments will be carefully monitored by the working group responsible for the listing process ('code of conduct group').

The decision was taken at a meeting of the Economic and Financial Affairs Council, without discussion.

As a result, 7 jurisdictions remain on the list of non-cooperative jurisdictions: American Samoa, Guam, Namibia, Palau, Samoa, Trinidad and Tobago and the US Virgin Islands.

Whereas the list is revised at least once a year, the code of conduct group can recommend an update at any time.

Contact us
Press office General Secretariat of EU Council
Press office General Secretariat of EU Council
About The Organisation of Eastern Caribbean States

Back to www.oecs.int

The Organisation of Eastern Caribbean States (OECS) is an International Organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance among independent and non-independent countries in the Eastern Caribbean. The OECS came into being on June 18th 1981, when seven Eastern Caribbean countries signed a treaty agreeing to cooperate with each other while promoting unity and solidarity among its Members. The Treaty became known as the Treaty of Basseterre, so named in honour of the capital city of St. Kitts and Nevis where it was signed. The OECS today, currently has ten members, spread across the Eastern Caribbean comprising Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia, St Vincent and The Grenadines, British Virgin Islands, Anguilla and Martinique.

The Organisation of Eastern Caribbean States
Morne Fortune
Castries
Saint Lucia