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Reaction to EU black list of tax havens

5th Dec 2017

Reacting to the news of the EU's publication of a black list of tax havens , Oli Pearce, Oxfam GB's policy advisor on inequality and tax, said:

"It is disturbing to see mostly small countries on the EU blacklist, while the most notorious tax havens - UK-linked places like Bermuda, the Cayman Islands, Jersey and the Virgin Islands - escape with a place on the 'grey list'.

"Although we recognise this is a step in the right direction, if EU leaders let too many tax havens off the hook we'll all lose out. Tax dodging means less money available for healthcare, education and the fight against poverty and it is poor countries that lose out the most.

"A place on the grey list must not mean tax havens get off scot- free."

Contact: Maria Jeffery, Oxfam Press Officer | mjeffery1@oxfam.org | office +44 (0)1865 472302| mobile + Mobile: +44 (0)7810 814980

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Notes for Editors

The report 'Blacklist or Whitewash?'

Press release on the report Blacklist or Whitewash?

Oxfam applied the EU's own criteria to the 92 countries screened by the EU, and the 28 EU member states. According to Oxfam's analysis, at least 35 non-EU countries should be included in the EU tax haven blacklist: Albania, Anguilla, Antigua and Barbuda, Aruba, Bahamas, Bahrain, Bermuda, Bosnia and Herzegovina, British Virgin Islands, Cook Islands, Cayman Islands, Curaçao, Faroe Islands, Former Yugoslav Republic of Macedonia, Gibraltar, Greenland, Guam, Hong Kong, Jersey, Marshall Islands, Mauritius, Montenegro, Nauru, New Caledonia, Niue, Oman, Palau, Serbia, Singapore, Switzerland, Taiwan, Trinidad and Tobago, United Arab Emirates, US Virgin Islands, Vanuatu. And four EU member states: Ireland, Luxembourg, the Netherlands and Malta.