European Union removes Dominica from black list of tax havens

The European Union has announced that the island of Dominica has been removed from the black list of tax havens established by the block.

The European Union (EU) said in a statement on Friday that the island in the Caribbean Sea has changed its tax rules to paraphrase the requirements of the European bloc aimed at reducing the risk of tax evasion.

The European Union has indicated that 11 jurisdictions are still on the blacklist of tax havens around the world, including: American Samoa, Belize in Central America, Fiji, Guam Island, Marshall Islands, Samoa, Trinidad and Tobago South of the Caribbean Sea, the US Virgin Islands and Vanuatu.

Read also: European Union removes three Caribbean islands from tax heaven blacklist