EU takes first step on tax haven blacklist

EU finance ministers agreed on Tuesday (8 November) on criteria to single out non EU tax havens but will publish a black list only next year.

"It is the time first we agreed on a common approach at EU level, this is a welcome step," said EU commissioner Valdis Dombrovskis.

"It's about incentive, not punishment," insisted Slovak finance minister Peter Kazimir, who chaired the meeting.

To avoid being on the future EU black list, countries and jurisdictions will have to comply...