|Author (Corporate)||Council of the European Union|
|Series Title||Official Journal of the European Union|
|Series Details||C 29, Pages 2|
Amendment to Council conclusions setting out the European Union's list of non-cooperative jurisdictions for tax purposes.
The EU list of non-cooperative jurisdictions for tax purposes was set up to promote good governance in taxation worldwide. The initial list was published in December 2017. While it is revised once a year, the so-called Code of Conduct Group - featuring representatives of the European Commission and of EU Member States - can recommend an update at any time.
The Decision to amend the list was taken in light of an expert assessment of the commitments made by a number of jurisdictions to address deficiencies identified by the European Union. In each case, the commitments were backed by letters signed at a high political level. Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates were therefore removed from the list and moved to a separate category of jurisdictions subject to close monitoring.
The Conclusions comprising the decision was adopted at a meeting of the Council of the European Union on 23 January 2018. The amendment was published in the Official Journal on 26 January.
|Subject Tags||Fiscal Regimes|
|Keywords||Macao SAR, Tax Avoidance | Fraud | Evasion
|Countries / Regions||Barbados, China, Grenada, Mongolia, Panama, South Korea, Tunisia, United Arab Emirates|
|International Organisations||European Union [EU]|