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Eight jurisdictions removed from EU list of non-cooperative jurisdictions for tax purposes

Barbados, Mongolia, Panama, Tunisia, the Republic of Korea, Grenada, Macao SAR and the United Arab Emirates have all been removed from the list of the European Union in regards to jurisdictions who are non-cooperative in relation to tax purposes.

These 8 jurisdictions have been moved to a separate category of jurisdictions ‘subject to close monitoring’.

This development is a result of expert assessment of the commitments made by these jurisdictions to address the relevant issues addressed by the EU. On the list of non-cooperative jurisdictions, currently there are 9 countries left: Bahrain, Guam, American Samoa, Palau, Saint Lucia, Samoa, Marshall Islands, Trinidad and Tobago and Namibia.

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