According to Reuters, the list was established in 2017 to counter widespread tax evasion and tax avoidance, and has been updated periodically to remove or add jurisdictions depending on their tax reforms.
EU tax experts have recommended the delisting of the Caribbean island of Dominica, the British Caribbean territory of Anguilla and the Seychelles, mostly because they have committed to undergo a supplementary review of their tax systems with the Global Forum on Transparency and Exchange of Information for Tax Purposes, the leading international body on tax evasion, the documents show.
