The European Union removes Panama from its blacklist of tax havens

The European Union decided to remove Panama from its blacklist of tax havens during a meeting in Luxembourg, citing the country's progress in financial transparency. Panama had been on the list since 2020, and this decision reflects improved compliance with international tax governance standards. The list now includes eight countries or territories, including Panama and Vietnam, which was also recently removed. This update is part of the EU's efforts to combat tax evasion by multinationals and the wealthy.