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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Further reading

Related articles

Trial banner

Latest news

See all jobs