The European Union’s most recent update to its “tax haven blacklist” in October 2024 lists eleven jurisdictions as non-cooperative for tax purposes. These countries include:
- American Samoa
- Anguilla
- Fiji
- Guam
- Palau
- Panama
- Russia
- Samoa
- Trinidad and Tobago
- U.S. Virgin Islands
- Vanuatu
This blacklist is part of the EU’s ongoing efforts to encourage transparency and prevent tax evasion. Countries on the list may face various defensive measures from EU member states, potentially impacting business operations and transactions involving these jurisdictions. Changes to these regulations are expected to intensify in 2025, under legislation such as Germany’s Tax Haven Defence Act, which will impose stricter reporting and documentation requirements on transactions involving these jurisdictions