The Marshall Islands, the world’s third-biggest shipping registry, has been removed from a European Union tax blacklist.
The EU’s finance ministers announced last week that the Pacific nation is no longer on a “list of non-cooperative jurisdictions for tax purposes”. The United Arab Emirates, which is increasingly used for shipping business, has been removed from the list too.
“This news has been very well received and we welcome the fact that the EU sees the Republic of the Marshall Islands as a reliable partner,” the islands’ finance minister, Brenson Wase, said.
