EU Council updates list of non-cooperative tax jurisdictions, removing Panama and Vietnam from Annex I

The EU Council updated its list of non-cooperative tax jurisdictions, deciding to remove Panama and Vietnam from Annex I and move them to Annex II, the list of cooperative jurisdictions, pending an in-depth review by the Global Forum of their information exchange frameworks. Anguilla remains in Annex I because issues related to its information exchange framework have not been resolved. Annex I currently contains eight jurisdictions: American Samoa, Anguilla, Guam, Palau, Russia, the Turks and Caicos Islands, the U.S. Virgin Islands, and Vanuatu.