The European Union proposed to remove eight countries from the black list of offshore approved last December. This is reported by Reuters.

It should be recalled that it was made to counteract the aggressive tax minimization, to which some states resorted.  Today, the list includes 17 countries, eight of which may be removed, since they announced amendments to their tax laws without any delays.

European representatives recommend excluding Panama, South Korea, the United Arab Emirates, Barbados, Grenada, Macao, Mongolia and Tunisia from the black list of offshore. There were also recommendations for Bahrain, but it was decided to leave the country in the list.

These proposals will be also discussed at a meeting of EU ambassadors, and decisions will be taken at a meeting of European finance ministers in Brussels this month. If eight of these countries are excluded from the list, there will be nine more states in it - American Samoa, Bahrain, Guam, Marshall Islands, Namibia, Palau, Saint Lucia, Samoa, Trinidad and Tobago.