Panama on EU blacklist

Brussels, February 18

The EU on Tuesday put Panama back on its blacklist of tax havens after deciding the country had not done enough to meet global transparency standards. Panama, along with the Cayman Islands, Seychelles and Palau, were added to eight other territories already deemed to be “non-cooperative tax jurisdictions,” the Council of the EU said in a statement following a meeting of the bloc’s finance ministers.

They join American Samoa, Fiji, Guam, Oman, Samoa, Trinidad and Tobago, the US Virgin Islands and Vanuatu on the list. The addition of the Cayman Islands represented the first time an overseas British territory was placed on the EU’s blacklist. — AFP