European Union finance ministers have decided to remove the Marshall Islands from their blacklist of tax havens.
Majuro, Marshall Islands. Photo: Giff Johnson
The blacklist had been set up in December to discourage the use of shell structures abroad and now included nine jurisdictions.
In the Pacific, there are still four left.
They are American Samoa, Guam, Palau and Samoa.
The other five are in the Caribbean and include the Bahamas and the U.S. Virgin Islands.
An Australian academic is calling for a review of the European Union's tax blacklist after several Pacific Island states appear to have been targeted unjustifiably.
An Australian academic is calling for a review of the European Union's tax blacklists after five Pacific Islands appear have been targetted unjustifiably. Audio
The Pacific Islands Forum says it will help and assist any member countries looking to address tax deficiencies identified by the European Union.
The United States has objected to the European Union's decision to put American Samoa and Guam on its blacklist of non-cooperative tax jurisdictions.
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