EU removes Swiss, UAE from tax-haven list

The EU removed Switzerland and the United Arab Emirates from its list of tax havens yesterday, giving two global hubs for multinational tax schemes the all clear. “Albania, Costa Rica, Mauritius, Serbia and Switzerland have implemented ahead of their deadline all necessary reforms to comply with EU tax good governance principles,” the bloc’s 28 finance ministers said. Switzerland had approved a tax reform in October 2018, but its entry into force had been delayed due to a referendum.