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EU removes Dominica from tax haven blacklist

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This incidence occurred after the country addressed concerns that it was facilitating tax avoidance, leaving a total of 11 jurisdictions on the list.

“Dominica has implemented its commitments and addressed EU concerns as regards automatic exchange of financial information,’’ the bloc’s finance ministers said in a statement.

The country has also taken steps outlined by the Organisation for Economic Cooperation and Development, they added.

“This step warrants Dominica’s removal from the EU’s list of non-cooperative jurisdictions,’’ the statement said.

The remaining 11 jurisdictions on the list are; American Samoa, Belize, Fiji, Guam, the Marshall Islands, Oman, Samoa, Trinidad and Tobago, the United Arab Emirates, the U.S. Virgin Islands and Vanuatu.

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