The European Union (EU) has reached a significant decision on Tuesday to officially list Anguilla, the Bahamas, and the Turks and Caicos Islands among its designated blacklisted tax havens. This critical update, reported by EUobserver, highlights the EU’s ongoing commitment to combatting tax evasion and enhancing financial transparency. The inclusion of these three Caribbean territories comes as a direct consequence of their failure to comply with the financial substance requirements that are essential for jurisdictions with zero or minimal tax rates. In addition to these new entries, other regions such as American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, the US Virgin Islands, and Vanuatu are also featured on this blacklist, reflecting a broader effort to address global tax compliance issues.