EU Adds Russia to Its Tax Haven Blacklist

INSUBCONTINENT EXCLUSIVE:
taxation came to a standstill following the Russian aggression against Ukraine," the European Council said.Three more jurisdictions, the
British Virgin Islands, Costa Rica and the Marshall Islands were also added to the now 16-strong "EU list of non-cooperative jurisdictions
for tax purposes."And four countries which the EU sees as having cleaned up their act were taken off an annexed list of countries under
scrutiny: North Macedonia, Barbados, Jamaica and Uruguay."We ask all listed countries to improve their legal framework and to work towards
compliance with international standards in taxation," Sweden's finance minister Elisabeth Svantesson said.Countries on the tax evasion
list are not eligible to seek help from certain EU funds, and EU member states are asked to apply special scrutiny to their tax-registered
individuals and firms.EU members are also supposed to keep a foreign jurisdiction's tax-list status in mind when conducting other
diplomatic business with them