EU Council Plans to Remove Four Countries From Its Tax Blacklist

EU leaders aim to remove four countries from the list of non-cooperative jurisdictions for tax purposes, an EU diplomat said Friday.

The Bahamas, Belize, the Seychelles, and Turks and Caicos will be removed from the list at a Feb. 20 meeting, according to an EU diplomat for the Committee of the Permanent Representatives of the Governments of the Member States to the EU.

• The list is updated twice a year, in February and October, according to the EU Council. EU institutions and member states can use defensive measures against countries on the list including preventing funds from passing through ...