St Kitts & The Bahamas Removed from EU Blacklisted Countries

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According to financial experts, the European finance ministers will meet this week to acknowledge the commitments made by the Caribbean islands of St Kitts & Nevis, and the Bahamas in order to fundamentally change their tax systems in order to meet EU standards.

As a result of these recent efforts, EU officials are looking to remove the tropical jurisdictions from the blacklist of non-cooperative jurisdictions according to European standards. An official spokesperson stated: “We are happy to announce that both have been added to the list in March this year, along with the US Virgin Islands. They have now made high-level commitments to change their tax systems.”