Treasury takes 21 nations off blacklist

(ANSA) - Rome, April 1 - The Treasury on Wednesday took 21 countries off one of it black lists for tax havens.
    Cross-border transaction costs with countries on the black list can't be deducted for tax purposes by Italian companies, so the move is designed to boost trade by loosening criteria for black listing. Italy will no longer put countries on its black list for having taxes that are deemed "too low", but will keep countries that do not allow adequate information exchange with Italy on the list.
    The 21 countries are Alderney (Channel Islands), Anguilla, the Antilles, Aruba, Belize, Bermuda, the British Virgin Islands, the Cayman Islands, Costa Rica, Gibraltar, Guernsey (Channel Islands), Herm (Channel Islands), the Isle of Man, the Turks and Caicos Islands, Jersey (Channel Islands), Malaysia, Mauritius, Montserrat, the Philippines, Singapore, and the United Arab Emirates.
    Remaining on the black list are Hong Kong, Liechtenstein, the Maldives and Seychelles, and Switzerland.