The EU Council, meeting today with the European Affairs ministers of the 27, removed the Bahamas, Belize, Seychelles and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes.
With these updates, the EU blacklist includes 12 jurisdictions: American Samoa, Anguilla, Antigua and Barbuda, Fiji, Guam, Palau, Panama, Russia, Samoa, Trinidad and Tobago, US Virgin Islands, Vanuatu.
The EU list of non-cooperative tax jurisdictions includes countries that have not engaged in a constructive dialogue with the EU on tax governance or have not kept their commitments to implement necessary reforms.
Such reforms should be aimed at respecting a series of objective criteria of good tax governance, including tax transparency, fairness of taxation and the implementation of international standards aimed at preventing tax base erosion and profit shifting.
The list is updated twice a year.
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