On 12th March 2019 Council of the European Union delivered the conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes.
The Council recognized the work of the Code of Conduct Group on Business Taxation (“Code of Conduct Group”), supported by the General Secretariat of the Council and with the assistance of the European Commission services, as well as the relevant OECD fora, monitoring the implementation of tax good governance principles by jurisdictions.
However, due to the fact that a number of jurisdictions have not enacted by the end of 2018 all committed measures, whilst some jurisdictions have not implemented any or some of the tax good governance principles, the Council endorsed accordingly the revised EU list of non-cooperative jurisdictions for tax purposes as follows:
- American Samoa
- Marshall Islands
- Trinidad and Tobago
- United Arab Emirates
- US Virgin Islands
The full report dated the 12th of March, 2019 outlining the reasons for the inclusion of the above mentioned jurisdictions in the EU list of non-cooperative jurisdictions can be found on this link:
EU NON-COOPERATIVE JURISDICTIONS UPDATED MARCH 2019
For more information, please contact:
Franco Falzon C.P.A.. LL.M
Olga Ivanova LL.M
T: +356 2010 7771
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