Seven other countries, such as Barbados, Macao and Korea, will also be removed from the list.
The finance ministers of the European Union agreed that eight countries, including Panama, should be eliminated from the black list of tax havens, one month after it was determined.
Barbados, Grenada, the Republic of Korea, Macao, Mongolia, Tunisia and the United Arab Emirates, are nations that will be excluded from the list, like Panama, “after the commitments assumed at the highest political level to remedy the concerns of the EU, “the ministers said in a statement.
This decision is in line with the recommendations made by tax experts of the European Union, and is interpreted by many as a sign that there was progress in the process because countries around the world agreed to adopt rules of the European block on fiscal transparency .
“Jurisdictions around the world have worked hard to make commitments to reform their fiscal policies, and our goal is to promote good fiscal management at the global level,” said Vladislav Goranov, Bulgarian Finance Minister, the country that holds the rotating presidency of the EU.