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Today, European finance ministers updated the EU tax havens list. They added Antigua and Barbuda, Belize and Seychelles to the blacklist and removed the British Virgin Islands, Costa Rica and the Marshall Islands.

The EU has whitewashed two of the world’s most harmful tax havens in today's review of the its tax haven list, says Oxfam.

EU governments are on the brink of agreeing a tax haven blacklist that could ensure corporate tax havens face international sanctions for the first time. This is a welcome move if the list includes objective and comprehensive criteria instead of focussing solely on opacity of tax systems, said Oxfam today.

Today, the European Court of Justice ruled that Ireland illegally provided state aid to Apple through a tax deal which upholds the European Commission’s 2016 decision. As a result, Apple must now pay back €13 billion in unpaid taxes. 

Today, European finance ministers updated the EU tax haven list. They added Brunei Darussalam and removed Costa Rica and Curaçao from the greylist. There were no changes to the blacklist. 

Banks in France are relying heavily on tax havens to increase their profits, according to a study based on new data that for the first time allows a proper analysis of the role that tax havens play in European business.

After months of deadlock, EU countries reached an agreement on a low-rate minimum tax for multinational profits at the EU level. This follows a deal struck at the international level to implement a global minimum tax.  

Despite EU intentions to crack down on tax avoidance, the European Commission’s Anti-Tax Avoidance Package does not do what it says on the tin, warns Oxfam, and developing countries will feel the EU’s failure most.

Today, European finance ministers updated the EU tax haven list. They added four countries to the blacklist (British Virgin Islands, Costa Rica, the Marshall Islands and the Russian Federation), three to the greylist (Albania, Aruba and Curacao) and they removed four countries from the greylist (Barbados, Jamaica, North Macedonia and Uruguay).

The EU will soon release a blacklist of tax havens operating outside the EU, and issue penalties for those appearing on it. This report shows what a robust blacklist would look like if the EU were to objectively apply its own criteria and not bow to political pressure.