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EU: Update on financial transaction tax; Dominica removed from “blacklist”

EU: Update on financial transaction tax

The Economic and Financial Affairs Council of the EU (ECOFIN) on 14 June 2019 received an update from the 10 EU Member States participating in the “enhanced cooperation procedure” concerning developments regarding a financial transaction tax.


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At the ECOFIN meeting, the German finance minister expressed a belief that an agreement modelled on a French version of a financial transaction tax was expected to be finalized in the next couple of weeks. 

The ECOFIN also approved, without discussion, amendments to the EU “blacklist” of uncooperative jurisdictions for tax purposes. Dominica was removed from the blacklist, which now includes 11 jurisdictions.

Read a June 2019 report prepared by KPMG’s EU Tax Centre

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