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EU to Include Bahamas in Tax Haven Blacklist

  • Bermudas and Tunisia no longer on watchlist, says draft
  • EU finance ministers expected to adopt update next week
A beach in Nassau, Bahamas.
A beach in Nassau, Bahamas.Photographer: Melissa Alcena/Bloomberg

The European Union is set to add the Bahamas to its blacklist of governments its considers uncooperative in tax matters because it says the archipelago continues to facilitate the operation of offshore firms for purposes of tax evasion.

The bloc is also expected to include the Caribbean nations of Anguilla and Turks and Caicos next week in its updated list, according to a draft seen by Bloomberg News. EU finance ministers are planning to adopt the revised list next week.