The list, now 15 countries long, was first drawn up in 2017 in the wake of several scandals, including the Panama Papers and LuxLeaks, that pushed the EU into doing more to fight tax evasion by multinationals and the rich.
Seven countries are to be moved back from a grey list because reform commitments had not been met. These are Aruba, Belize, Bermuda, Fiji, Oman, Vanuatu and Dominica, an EU statement said.
"The Emirates will come out immediately afterwards," he added.
The operation in "naming and shaming" countries into better tax policies comes only days after a money-laundering blacklist by the EU was torpedoed by the bloc's own member governments after it included Saudi Arabia.
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