The EU Council, meeting today with the European Affairs ministers of the 27, has 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 that have not fulfilled their commitments to implement necessary reforms.
Such reforms should be aimed at meeting a set 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.
Reproduction reserved © Copyright ANSA