EU "Blacklist": Guernsey Included By Error

On Wednesday 17th June, the European Union published a blacklist of international tax havens which are considered to be "non-cooperative". Thirty jurisdictions have been blacklisted, but Guernsey, one of the thirty, has been blacklisted in error. The States of Guernsey, Guernsey's legislative body, is currently in communication with the EU to remove Guernsey from the blacklist as quickly as possible. 

The European Commissioner for Tax, Pierre Moscovici, has described the blacklist as an attempt to "push non-cooperative non-EU jurisdictions to be more cooperative and adopt international standards". Guernsey, though, is already a jurisdiction which rigorously upholds the tax-transparency standards requested by the EU itself. It is, after all, due to Guernsey's transparency and cooperation that the Prime Minister, David Cameron, has eschewed referring to Guernsey as a 'tax haven' since 2013.