EU removes Marshall Islands from tax blacklist

Pedro Gonçalves
clock • 1 min read

The European Union will drop Marshall Islands from the EU's list of non-cooperative jurisdictions for tax purposes after the jurisdiction agreed to ban letterbox companies. The decision was made in recognition of the two countries' reforms to implement the commitments they had made to improve by the end of 2018 their tax policy framework. "The Marshall Islands was aware in July that the amendments to the RMI Economic Substance Regulations had been positively met by the EU," said the Rep...