Activists stage a protest on a mock tropical island beach representing a tax haven outside a meeting of European Union finance ministers in Brussels, Belgium, December 5, 2017. REUTERS/Francois Lenoir
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European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows.The latest decision was taken by the EU Code of Conduct Group, which includes tax experts from the 28 member states, according to an EU document seen by Reuters.All of the delisted countries have been moved to a "grey list," which includes dozens of jurisdictions that are not currently in line with EU standards against tax avoidance but have committed to change their rules and practices.It took nearly a year for EU experts to screen an initial 92 jurisdictions around the world before identifying 17 in December that could favor tax avoidance.
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