EU removes Panama from tax haven blacklist

The EU removed Panama from its tax havens blacklist on Friday after the country made progress on sharing tax information and reformed a “harmful” regime of exemptions for foreign-source income. Vietnam was also removed after undertaking a series of reforms. The updated list now contains eight “non-cooperative” jurisdictions: American Samoa, Anguilla, Guam, Palau, Russia, Turks and Caicos Islands, US Virgin Islands and Vanuatu. “This update reflects a positive trend in compliance with...