France adds Guam to its ‘blacklist’ of tax havens

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Guam has been added to France's blacklist of non-cooperative countries and territories in fiscal matters.

France has added Guam to its blacklist of non-cooperative countries and territories in fiscal matters.

France released its updated list of “tax havens” Tuesday.

In addition to Guam, France added the following countries and territories to its blacklist:  Anguilla, the Bahamas, Fiji, the American Virgin Islands, the British Virgin Islands, the Sultanate of Oman, Panama, American Samoa, Samoa, the Seychelles, Trinidad and Tobago, and Vanuatu.

When a country is deemed to be a tax haven by the French administration, sums transferred from France to the blacklisted country are taxed differently.

France also imposes more restrictive reporting obligations.

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