The EU removes Panama and Vietnam from its 'blacklist' of tax havens

The European Union officially removed Panama and Vietnam from its list of non-cooperative tax jurisdictions on October 8. The decision, announced in Luxembourg, follows the implementation of recent fiscal reforms by both nations aimed at aligning their tax regimes with the requirements set by the European bloc.

This move marks a shift in the status of these countries regarding their cooperation with the European Union on tax transparency and regulatory standards. The removal reflects the bloc's acknowledgment of the legislative changes undertaken by the Panamanian and Vietnamese governments to address previous concerns regarding their tax systems.