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European Union removes Switzerland, UAE from tax-haven list

Updated : October 10, 2019 05:07 PM IST

The EU's grey list has included Switzerland since its launch in December 2017 as the country was deemed as having inadequate tax rules, although it had expressed commitment to reform them.
The United Arab Emirates, which includes Dubai, was also given a clean bill of health, lifted out directly from the blacklist after rushing through reforms.
The move leaves only nine countries or territories considered to be uncooperative on the list: American Samoa, Belize, Fiji, Guam, Oman, Samoa, Trinidad and Tobago, the United States Virgin Islands and Vanuatu.
European Union removes Switzerland, UAE from tax-haven list

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