The Council of the European Union has announced its decision on 10 October 2019 to remove the Marshal Islands and the United Arab Emirates from the EU blacklist of non-cooperative jurisdictions. According to the announcement, the UAE and the Marshall Islands have been removed because they have both passed the necessary reforms to implement the commitments made to improve by the end of 2018 their tax policy framework by introducing economic substance requirements. While the UAE has been completely removed, the Marshal Islands has been moved to annex II (the grey list) for the monitoring of its exchange of information...