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Washington DC Council Removes Tax Haven Black List

05 November 2015

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Approved Changes

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United States

On 3 November 2015, Washington DC's council decided to remove the recently adopted tax haven blacklist. The blacklist, which includes 39 jurisdictions, had been adopted as part of the Fiscal Year 2016 Budget Support Act of 2015 ({News-2015-09-02/A/2- previous coverage}). Following its initial adoption, several of the jurisdictions listed in the blacklist voiced their opposition to being included. As a result, the council decided it should be removed until a review of the jurisdictions is completed, which will likely occur when the council prepares the 2017 fiscal budget next year.