EU removes Barbados from blacklist of 'non-cooperative' jurisdictions

The European Union announced today it has removed Barbados from its blacklist of countries it deems non-cooperative in matters of taxation, and added Dominica. The EU's review of Barbados' status comes just four months after the bloc's finance ministers voted to blacklist the Caribbean island.  Blacklisted jurisdictions face higher scrutiny, loss of access to EU funds and damage to their reputations. The EU council said Dominica was placed on the blacklist because it lacked a rating of at least "largely compliant" from the Global Forum on Transparency and Exchange of Information fo...