Commitment to change
The 47 jurisdictions on the grey list have promised the EU they will address certain deficiencies by the end of 2018.
Toomas Toniste, finance minister of Estonia, which currently holds the EU Council presidency, has emphasised that jurisdictions can be added or taken off either list in the future.
“This is not just a one-off process,” Toniste says. “We will regularly review and update the list in the years to come. Our aim is to ensure that good tax governance becomes the new norm.”
The grey list includes:
- Albania
- Andorra
- Armenia
- Aruba
- Belize
- Bermuda
- Bosnia
- Botswana
- Cabo Verde
- Cayman Islands
- Cook Islands
- Curacao
- Faroe Islands
- Fiji
- Former Yugoslav Republic of Macedonia
- Greenland
- Guernsey
- Herzegovina
- Hong Kong SAR
- Isle of Man
- Jamaica
- Jersey
- Jordan
- Labuan Island
- Liechtenstein
- Mauritius
- Malaysia
- Maldives
- Montenegro
- Morocco
- Nauru
- New Caledonia
- Niue
- Oman
- Peru
- Saint Vincent & the Grenadines
- Serbia
- Swaziland
- San Marino
- Seychelles
- Switzerland
- Thailand
- Turkey
- Taiwan
- Uruguay
- Vanuatu
- Vietnam
