EU blacklists Russia, British Virgin Islands as tax havens

The updated roster now holds 16 countries with the new entrants, as part of the EU’s efforts to name and shame foreign nations that it says helps facilitate services that allow companies and wealthy people to avoid paying tax.

The new list comprises American Samoa, Anguilla, the Bahamas, British Virgin Islands, Costa Rica, Fiji, Guam, Marshall Islands, Palau, Panama, Russia, Samoa, Trinidad and Tobago, Turks and Caicos Islands, U.S. Virgin Islands and Vanuatu.