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EU Set to Rubber-Stamp Tax Blacklist as It Takes on Tech Giants

  • List includes South Korea, Panama, Bahrain, Barbados, Samoa
  • Marshall Islands, St. Lucia, Grenada, Macau, Guam also named
Buildings stand illuminated at night in Seoul, South Korea.
Photographer: SeongJoon Cho/Bloomberg
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The European Union agreed on a tax blacklist of 17 countries that could potentially face sanctions for failing to bring their standards in line with the bloc, as it seeks to further step up its fight against opaque practices that facilitate avoidance by multinationals and individuals.

The group of jurisdictions, which was rubber stamped by EU finance ministers at a meeting in Brussels on Tuesday, includes South Korea, Panama, Bahrain, Tunisia and the United Arab Emirates, as well as Barbados, Samoa, American Samoa, Grenada, Guam, Macau, the Marshall Islands, Mongolia, Namibia, Palau, St. Lucia and Trinidad and Tobago, according to the EU.