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Panama City: still a hub for dodgy money? (Photo: Falco Ermert)

Panama to stay on EU tax-haven blacklist

Panama is to stay on an EU list of "non-cooperative" tax-havens, but three micro-states are to get off in a decision due next week.

Finance ministers meeting on 5 October will approve the listings without discussion, removing Anguilla, Dominica, and the Seychelles for good behaviour, according to draft conclusions seen by EUobserver.

But Panama was not even "largely compliant" with EU norms and had a "harmful foreign-source income [tax] exemption regime", the EU conclusions said...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Panama City: still a hub for dodgy money? (Photo: Falco Ermert)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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