Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.1106)

1106. 

The European Union has expanded its tax blacklist with how many countries?

[A]. 8
[B]. 5
[C]. 10
[D]. 15

Answer: Option C

Explanation:

The European Union has expanded its tax haven blacklist by including 10 countries. The list now has 15 countries. The list was first drawn up by EU in 2017 in the wake of several scandals that pushed the EU into doing more to fight tax evasion by multinationals and the rich. Seven countries Aruba, Belize, Bermuda, Fiji, Oman, Vanuatu, and Dominica were moved from greylist to blacklist due to their inability towards reform commitments. Three other countries added into the list are Barbados, the United Arab Emirates, and the Marshall Islands.

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