On 23rd January 2018, European Union finance ministers agreed that eight jurisdictions should be removed from the EU blacklist of tax havens, one month after the list was released.
The jurisdictions to be removed include Barbados, Grenada, the Republic of Korea, Macao, Mongolia, Panama, Tunisia, and the United Arab Emirates. The move is "following commitments made at a high political level to remedy EU concerns", as mentioned in the EU statement.
The move is in line with recommendations by EU tax experts, the ‘Code of Conduct Group’.
EU states resolved last month to draw up the blacklist in a bid to discourage the most aggressive tax dodging practices.
Jurisdictions that remain on the blacklist are American Samoa, Bahrain, Guam, the Marshall Islands, Namibia, Palau, Saint Lucia, Samoa, and Trinidad and Tobago.