THE EU finance ministers are learnt to have adopted a resolution to blacklist as many as 17 tax havens on ground of non-cooperation.

And some of them are - South Korea, UAE, Bahrain, American Samoa, Barbados, Macau, Mongolia, Namibia, Triniad & Tobago, Tunisia and many others.

The EU has also prepared a list of 47 tax jurisdictions which fall in the 'Grey' list. They are not compliant but have committed to be tax compliant soon.

Experts say that the blacklisted tax jurisidctions may lose right to access EU funds. However, what all meansures are going to be put in place would be decided later.