EU adds UAE, Bermuda to expanded tax haven blacklist

EU finance ministers approved on Tuesday the addition of more countries to the EU's blacklist of tax havens, adding the United Arab Emirates and British and Dutch overseas territories in a revamp that tripled the number of listed jurisdictions.. "The purpose of the list is to encourage cooperation and positive change and not to name and shame," said Eugen Teodorovici, minister of public finance of Romania, which is currently holding the EU's rotating presidency. EU finance ministers added 10 jurisdictions to the updated list. They are: the Dutch Caribbean island of Aruba, Barbados, Be...