The 12 countries and territories that the EU includes on its blacklist of tax havens

The 12 countries and territories that the EU includes on its blacklist of tax havens

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The European Union has updated this Monday its blacklist of tax havens, with few changes in the 12 countries and territories that compose it, but with an important novelty in view of upcoming changes, given that it has issued an ultimatum to Turkey to fulfill its commitments to activate the system of automatic exchange of tax information with the 27 before July or it will be included in this list, created in 2017.

In fact, last December 31 was the deadline for Ankara to comply with its agreements with Brussels to establish communication channels to prevent tax fraud and evasion. However, so far Turkey has only implemented these systems with 21 of the 27 EU members, which has provoked the EU warning, which has urged the Turkish government to negotiate their implementation as soon as possible with the remaining 6 partners.

Turkey is currently on the EU's grey list, which includes countries that have committed to adopting the necessary reforms to improve their