At least two CARICOM countries that had been included in a new list of global tax havens by the European Union (EU) could be removed after submitting plans to change their tax rules.

Reuters News agency is reporting that Barbados and Grenada are among eight jurisdictions whom European Union officials have proposed be removed from the blacklist of tax havens that enraged Caribbean governments when it had been released last month.

The other countries likely to be removed are Panama, South Korea, the United Arab Emirates, Macao, Mongolia and Tunisia.

But the international news agency, which reported that it had viewed the documents to be discussed at a meeting of EU ambassadors on Wednesday, said jurisdictions set to remain on the blacklist are American Samoa, Bahrain, Guam, the Marshall Islands, Namibia, Palau, St. Lucia, Samoa, and Trinidad and Tobago.

The new proposals are expected to be adopted by EU finance ministers when they meet next week in Brussels for monthly talks.

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