It was reported on 26 April 2012 that the French Finance Minister and Budget Minister have recently updated the country’s ‘black list’ of countries deemed to be ‘uncooperative’ in tax matters. The revised 2012 list is confirmed in a government decree dated April 4, published in the country’s official journal dated April 12.
The list has retroactive effect from January 1, 2012, and contains the following eight jurisdictions: Brunei, Guatamala, Marshall Islands, Montserrat, Nauru, Niue, the Philippines, and Botswana.
This year, the government’s black list was reduced considerably. In accordance with the 2012 decree, eleven jurisdictions were removed from the black list as of January 1, 2012, namely Anguilla, Belize, Costa Rica, Dominica, Grenada, Cook Islands, the Turk and Caicos Islands, Liberia, Oman, Panama and Saint Vincent and the Grenadines. Botswana was added to the list.
