Bahamas removed from EU's blacklist

The Bahamas has been removed from the European Union's watch list after being deemed fully compliant with the bloc's tax standards. EU finance ministers made the decision this Tuesday, while at the same time adding the island's offshore rival the Cayman Islands to its blacklist of countries deemed to be noncooperative on tax matters. "The move by the EU underscores The Bahamas' commitment to adhere to global regulations and international best practices as a premiere international financial centre," the BFSB and AIBT said in a joint statement. "The decision acknowledges that The Bah...