Finance
EU adds Turks and Caicos, Vietnam to tax havens list
Published by Global Banking & Finance Review®
Posted on February 17, 2026
1 min readLast updated: February 17, 2026
Quick Summary
The EU has added Turks and Caicos and Vietnam to its tax havens list, aiming to enhance global tax governance.
EU Expands Tax Havens List to Include Turks and Caicos and Vietnam
EU Tax Havens Update
BRUSSELS, Feb 17 (Reuters) - European Union finance ministers have added the Turks and Caicos Islands and Vietnam to an EU list of tax havens, and removed Fiji, Samoa and Trinidad and Tobago, the ministers said in a statement on Tuesday.
Countries Added and Removed
Following the changes, the EU now lists 10 countries as tax havens: American Samoa, Anguilla, Guam, Palau, Panama, Russia, Turks and Caicos Islands, U.S. Virgin Islands, Vanuatu and Vietnam.
Impact of the Tax Havens List
"The list is part of the EU’s efforts to promote tax good governance worldwide. It is composed of countries which fail to comply with agreed international tax standards or did not fulfil their commitments on tax good governance within a specific timeframe," the statement said.
Those on the EU list face reputational damage and higher scrutiny of their financial transactions, and risk losing EU funds.
(Reporting by Jan Strupczewski; Editing by Alex Richardson)
Key Takeaways
- •EU adds Turks and Caicos and Vietnam to tax havens list.
- •Fiji, Samoa, and Trinidad and Tobago removed from the list.
- •EU aims to promote global tax governance.
- •Listed countries face reputational damage and scrutiny.
- •EU tax havens list now includes 10 countries.
Frequently Asked Questions about EU adds Turks and Caicos, Vietnam to tax havens list
1What is a tax haven?
A tax haven is a country or territory that offers low or no tax rates, making it attractive for individuals and businesses to avoid paying higher taxes elsewhere.
2What is tax good governance?
Tax good governance refers to the principles and practices that ensure transparency, accountability, and fairness in tax policies and administration.
3What is corporate tax?
Corporate tax is a tax imposed on the income or profit of corporations, typically calculated as a percentage of the company's taxable income.
