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Marshall Islands to be removed from EU's tax haven list

The Marshall Islands has promised the EU to change its policies in several areas and now stands to be removed from the European list of international tax havens. The country is also one of the world's main flag states.

Hilda Heine is president of the Marshall Islands. Her finance minister was in charge of negotiations with the EU. | Photo: Denis Balibouse / Reuters / Ritzau Scanpix

The Marshall Islands, one of the world's primary flag states and home to several shipping companies, is about to be removed from the EU's list of international tax havens.

Following several months of negotiations in which the country has vowed to change its regulation, the EU has agreed to delete the country from its list of so-called non-cooperative jurisdictions for tax purposes.

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