EU adds Seychelles, Cayman Islands, Panama to tax haven blacklist, spares Turkey

European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the bloc's blacklist of tax havens, while giving more time to Turkey to avoid listing despite shortfalls, an EU document said on Tuesday.

The list, which was set up in 2017 after revelations of widespread tax evasion and avoidance schemes used by firms and wealthy individuals to reduce their tax bills, includes now 12 jurisdictions.

The other listed are: Fiji, Oman, Samoa, Trinidad and Tobago, Vanuatu and the three US territories of American Samoa, Guam, and the US Virgin Islands.