Taxation: Council revises its EU list of non-cooperative jurisdiction

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Publication Date 12/03/2019
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Summary:

Conclusions adopted by the Council of the European Union in March 2019 relating to an update of the European Union's list of non-cooperative tax jurisdictions.

Further information:

The Council adopted on 12 March 2019 a revised EU list of non-cooperative jurisdictions for tax purposes. This was the first comprehensive revision of the list since it was first set up. In addition to the 5 jurisdictions already listed, a further 10 countries were added: Aruba, Barbados, Belize, Bermuda, Dominica, Fiji, Marshall Islands, Oman, United Arab Emirates, Vanuatu. The decision followed the understanding that those jurisdictions had not implemented the commitments made to the European Union (EU) by the agreed deadline.

The list was set up to promote good governance in taxation worldwide. It aims to contribute to efforts on prevention of tax avoidance and tax fraud. The initial list was published in December 2017 and partially updated on several occasions thereafter. While the list is revised once a year, the so-called Code of Conduct Group - featuring representatives of the European Commission and of the EU Member States - can recommend an update at any time.

Source Link https://www.consilium.europa.eu/en/press/press-releases/2019/03/12/taxation-council-revises-its-eu-list-of-non-cooperative-jurisdictions/
Related Link(s)
News
Politico, 11/03/2019: Moscovici: EU to add 10 countries to its blacklist of tax havens https://www.politico.eu/article/moscovici-eu-to-add-10-countries-to-its-blacklist-of-tax-havens/
EurActiv, 12/03/2019: EU tax haven blacklist triples to include 15 countries https://www.euractiv.com/section/economy-jobs/news/eu-tax-haven-blacklist-triples-to-include-15-countries/
Politico, 12/03/2019: EU adopts tax haven blacklist https://www.politico.eu/article/eu-adopts-tax-haven-blacklist-despite-romanian-doubts/
Reuters, 12/03/2019: EU adds UAE, Bermuda to expanded tax haven blacklist https://uk.reuters.com/article/idUKKBN1QT1Q9
Bloomberg, 12/03/2019: U.A.E., 9 Other Jurisdictions Added to EU Tax-Haven Blacklist https://www.bloomberg.com/news/articles/2019-03-12/u-a-e-9-other-jurisdictions-added-to-eu-tax-haven-blacklist
ERR News, 13/03/2019: Estonia gives up opposition to adding UAE to EU tax havens list https://news.err.ee/919363/estonia-gives-up-opposition-to-adding-uae-to-eu-tax-havens-list

Official
European Commission: Press Release, 12/03/2019: Fair Taxation: EU updates list of non-cooperative tax jurisdictions http://europa.eu/rapid/press-release_IP-19-1606_en.htm
European Commission: Fact Sheet, 12/03/2019: Questions and answers on the EU list of non-cooperative tax jurisdictions http://europa.eu/rapid/press-release_MEMO-19-1629_en.htm

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