EU to add Bermuda to tax haven list, Italy blocks #UAE listing | Reuters

EU to add Bermuda to tax haven list, Italy blocks UAE listing | Reuters:

European Union finance ministers are set to add the British overseas territory of Bermuda to the bloc’s blacklist of tax havens on Tuesday but Italy is objecting to the inclusion of the United Arab Emirates, a document seen by Reuters shows.

The largest review of the list since its adoption in Dec. 2017 is expected to see the number of listed jurisdictions triple from the current five.

The Caribbean island of Barbados and the Arab Sultanate of Oman are also on the expanded draft list, EU documents show. Other jurisdictions in the Caribbean and the Pacific Ocean are set to complete the updated list.