On 4 October 2022, the European Union (EU) Finance Ministers adopted a revised list of non-cooperative jurisdictions for tax purposes (EU list).Anguilla, the Bahamas, and Turks and Caicos Islands were added to Annex I (the so-called “black” list). Armenia and Eswatini were added to Annex II (the so-called “gray” list), while Bermuda and Tunisia were removed.The next revision to the EU List is expected in February 2023.The Pillar Two Directive was not on the agenda.Executive summaryOn 4 October 2022, the Council of the European Union (the Council) held an Economic and Financial Affairs Council (ECOFIN) meeting where Finance Ministers approved...