London Daily

Focus on the big picture.
Saturday, Jul 12, 2025

EU keeps Panama on its list of tax havens, withdraws Anguilla, Dominica and Seychelles

EU keeps Panama on its list of tax havens, withdraws Anguilla, Dominica and Seychelles

Anguilla, Dominica and Seychelles were removed by the European Union from its list of tax havens.
The European Union (EU) removed Anguilla, Dominica and the Seychelles from its black list of tax havens on Tuesday, just two days after the publication of the Pandora Papers on tax evasion practices.

The decision, which shocked organizations such as Oxfam, was made by EU finance ministers meeting in Luxembourg on Tuesday.

The Dutch minister Wopke Hoekstra, who appears in these leaked documents for having invested in a company based in the British Virgin Islands, was absent from her.

Currently, the EU blacklist is limited to American Samoa, the Fiji Islands, Guam, Palau, Panama , Samoa, Trinidad and Tobago, the US Virgin Islands, and Vanuatu.

This European instrument, conceived to combat tax evasion by multinationals and large fortunes, was created in December 2017 after numerous scandals, such as "Panama Papers" or "LuxLeaks".

Sanctions against the included countries can lead to the freezing of European funds.

The list "should penalize tax havens. Instead, it lets them get away with it," said Chiara Putaturo, an expert in European taxation at Oxfam, quoted in a statement.

"The decision to withdraw Anguilla, the last jurisdiction with a 0% tax rate, and the Seychelles, which are at the center of the latest tax scandal, makes the EU blacklist a joke," he added.

The Pandora Papers investigation, published on Sunday with contributions from 600 international journalists, established links between societies in tax havens and 336 high-level politicians.

Of the nearly 1,000 companies revealed, two-thirds were in the British Virgin Islands, but they were also detected in the Seychelles.

By contrast, Turkey, accused of not respecting international rules for the automatic exchange of tax information, was not included in the black list despite threats from Brussels in recent months.

SOURCE: AFP
Newsletter

Related Articles

0:00
0:00
Close
A 92-year-old woman, who felt she doesn't belong in a nursing home, escaped the death-camp by climbing a gate nearly 8 ft tall
French Journalist Acquitted in Controversial Case Involving Brigitte Macron
Elon Musk’s xAI Targets $200 Billion Valuation in New Fundraising Round
Kraft Heinz Considers Splitting Off Grocery Division Amid Strategic Review
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
EU Proposes New Tax on Large Companies to Boost Budget
Trump Imposes 35% Tariffs on Canadian Imports Amid Trade Tensions
Junior Doctors in the UK Prepare for Five-Day Strike Over Pay Disputes
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
Bitcoin Reaches New Milestone of $116,000
Biden’s Doctor Pleads the Fifth to Avoid Self-Incrimination on President’s Medical Fitness
Grok Chatbot Faces International Backlash for Antisemitic Content
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
×