UPDATED: EU removes Cayman Islands from blacklist and adds Barbados

The European Union (EU) announced this morning it is adding Anguilla and Barbados to its blacklist of tax havens. The Cayman Islands and Oman were removed. The renowned list was established in 2017 and now consists of 12 jurisdictions: American Samoa, Anguilla, Barbados, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the U.S. Virgin Islands and Vanuatu. The Cayman Islands and Oman were considered by the EU finance ministers to have passed and implemented the necessary reforms.  Blacklisted jurisdictions face higher scrutiny, loss of access to EU funds and damage...