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The European Union added the Bahamas and the Turks and Caicos Islands to its tax haven blacklist Tuesday, and also put Anguilla back on as a “non-cooperative jurisdiction” just a year after it was removed. The EU said it made the additions largely due to “concerns that these three jurisdictions, which all have a zero or nominal-only rate of corporate income tax, are attracting profits without real economic activity.” The EU established the blacklist in 2017 to tackle rampant tax evasion.
A disturbance in the eastern Atlantic is expected to turn into a tropical depression soon. Forecasters are also watching a tropical wave that is heading to the Caribbean Sea, but its formation chances are dwindling.