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EU set to target UK overseas territories as part of Brexit talks - report

15/01/2018 News Team

The EU will seek to add British Overseas Territories to its tax haven blacklist in order to "force concessions during Brexit trade talks", the Independent newspaper has reported. 

The paper reported that senior EU officials said that the EU would "go after" the jurisdictions.

An EU black list published in December 2017 contained 17 jurisdictions - including American Samoa, Bahrain, Barbados, Grenada, Guam, Republic of Korea, Macao SAR, Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and United Arab Emirates. 

However no UK Overseas Territory or Crown Dependency featured on the list and The Independent reported that EU officials had told the paper that the review process will restart early this year for British territories including Bermuda, the British Virgin Islands, Anguilla and the Turks and Caicos Islands with "outstanding questions remain[ing]" for the latter two.

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