The European Union (EU) has its new blacklist of tax havens. The EU’s 28 finance ministers on Tuesday adopted the blacklist, adding 10 new badgers, including the United Arab Emirates (UAE), to bring the total to 15 countries.
In addition to the five already on the list (American Samoa, Samoa, Guam, Trinidad and Tobago and US Virgin Islands), the new tax havens on the blacklist are: Aruba, Belize, Bermuda, Fiji, Oman, Vanuatu, Dominica, Barbados, United Arab Emirates and the Marshall Islands.
The presence of the United Arab Emirates, however, does not move to the side of Italy, where the Gulf country has made significant investments. Moreover, the Italian Minister of Finance, Giovanni Tria, estimated that the Emirates will come out soon from this list.