BRUSSELS, Feb 17 (Reuters) - European Union finance ministers have added the Turks and Caicos Islands and Vietnam to an EU list of tax havens, and removed Fiji, Samoa and Trinidad and Tobago, the ministers said in a statement on Tuesday.
Following the changes, the EU now lists 10 countries as tax havens: American Samoa, Anguilla, Guam, Palau, Panama, Russia, Turks and Caicos Islands, U.S. Virgin Islands, Vanuatu and Vietnam.
“The list is part of the EU’s efforts to promote tax good governance worldwide. It is composed of countries which fail to comply with agreed international tax standards or did not fulfil their commitments on tax good governance within a specific timeframe,” the statement said.
Those on the EU list face reputational damage and higher scrutiny of their financial transactions, and risk losing EU funds.

- On February 17, the EU finance ministers announced the addition of the Turks and Caicos Islands and Vietnam to the EU tax haven list, while removing Fiji, Samoa, and Trinidad and Tobago.  
- The current list includes 10 countries identified as tax havens due to their failure to comply with international tax standards.  
- Nations on this list may face reputational damage, increased scrutiny on financial transactions, and a potential loss of EU funding.

EU adds Turks and Caicos, Vietnam to tax havens list