EU Finance Ministers have updated the list of non-cooperative tax jurisdictions, and have “black listed” 15 countries. Three jurisdictions have been moved to the “grey list.”
The list is based on EC concerns about tax transparency, good governance, real economic activity, and the existence of a zero corporate tax rate.
As noted today in an EC release, 15 countries or jurisdictions are on the blacklist:
The EU Member States have agreed on a set of counter-measures that may be applied against the listed countries, including increased monitoring and audits, withholding taxes, special documentation requirements, and anti-abuse provisions.
Read “questions and answers” on the EU list of non-cooperative tax jurisdictions.
Read a March 2019 report prepared by KPMG’s EU Tax Centre
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