European Union finance ministers have decided to remove the Marshall Islands from their blacklist of tax havens.
Majuro, Marshall Islands. Photo: Giff Johnson
The blacklist had been set up in December to discourage the use of shell structures abroad and now included nine jurisdictions.
In the Pacific, there are still four left.
They are American Samoa, Guam, Palau and Samoa.
The other five are in the Caribbean and include the Bahamas and the U.S. Virgin Islands.