The British Virgin Islands is among a number of countries that are expected to be added to the European Union’s “black list” tomorrow Tuesday, February 14.
This is according to an article published by international media company Reuters which said the European Union finance ministers plan to add the BVI, Russia, Costa Rica and the Marshall Islands to the EU list of tax havens on valentine’s day.
As by the article, the EU “takes into account who is on its list of non-cooperative jurisdictions for tax purposes in its foreign policy decisions when considering development cooperation and other economic relations with third countries.”
The full list will include a total of 16 countries, effective tomorrow. These include: American Samoa, Anguilla, the Bahamas, British Virgin Islands, Costa Rica, Fiji, Guam, Marshall Islands, Palau, Panama, Russian Federation, Samoa, Trinidad and Tobago, Turk and Caicos Islands, the U.S. Virgin Islands and Vanuatu.