Switzerland Drops Off EU Tax Gray List After Reforms

Law360, London (October 10, 2019, 12:00 PM BST) -- European Union leaders confirmed Thursday that Switzerland would be coming off the bloc’s “gray list” after passing tax reforms to bring it into line with international standards in May.

European Commission Vice President Valdis Dombrovskis called fighting tax havens a “work in progress.” (AP) The United Arab Emirates will be coming off the black list, and the Marshall Islands has been moved from the black to the gray list, ministers confirmed at a meeting of the EU’s economic and financial affairs council. Albania and Serbia, which are both in the formal process of joining the EU, have also both dropped off the gray...

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