Executive summary
On 5 October 2021, the Council of the European Union (the Council) updated the European Union (EU) list of non-cooperative jurisdictions for tax purposes (the EU List). Annex I (the so-called “black” list) of the EU List now includes American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu. Anguilla, Dominica, and Seychelles were removed.
With respect to Annex II of the EU list (the so-called “gray” list) and the state of play of pendin…