France has removed Jersey and Bermuda from its tax-haven blacklist as a result of an improved exchange of information.
"As of today, Bermuda and Jersey have satisfied all of France’s requests for information, which will enable them to avoid reprisals contained in the law," French finance ministry said in a statement on its website.
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The move came after high-level talks between French officials and Finance Ministry staff of Jersey and Bermuda.
Bermuda — alongside Jersey and the British Virgin Islands — were added to the French hit list of jurisdictions labelled as uncooperative by the French authorities in August.
The move meant that the French could impose a 75% withholding tax on French money coming to Bermuda.
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