The European Union (EU) has recently added Antigua and Barbuda, Belize, and Seychelles to its list of non-cooperative jurisdictions for tax purposes. At the same time, the British Virgin Islands, Costa Rica, and the Marshall Islands have been removed from the list.
This brings the total number of jurisdictions on the EU’s list to 16. The EU Council made the decision to add the three countries due to their lack of cooperation concerning the exchange of tax information upon request. These jurisdictions have been identified as non-cooperative on tax matters, and the council has encouraged them to enhance their legal framework to address the identified issues.
The EU’s list of non-cooperative tax jurisdictions also consists of countries that have not engaged in constructive dialogue with the EU on tax governance or have failed to implement necessary reforms. These reforms should align with key tax governance criteria, emphasizing tax transparency, fair taxation, and the implementation of international standards to prevent tax base erosion and profit shifting. The EU’s code of conduct group collaborates closely with international bodies like the OECD Forum on Harmful Tax Practices to promote global tax good governance.
The EU’s list of non-cooperative jurisdictions for tax purposes was established in December 2017 and aligns with the EU’s external strategy on taxation. It contributes to ongoing efforts to promote global tax good governance and is updated biannually, with the next revision scheduled for February 2024. The council’s decisions are crafted by the council’s code of conduct group, which also oversees the monitoring of tax measures in EU member states.
The EU has gotten too big and inflated. I can’t wait for the U.S to eliminate the competition. don’t sweat, they don’t even have an army, it will not be a world War either, the EU is just too bloated.
and downright evil.
We need to bypass that beast, shun them, there’s Russia and China.
Look at the countries the EU (OECD) blacklist. Developing countries from Africa, Latin America and the Caribbean.
The European Union and the US always try to economically suffocate countries of the aforementioned regions. These two act like economic terrorists.
Lol. I love that one “economic terrorists”. But all jokes aside, the EU and the US should explain that their systems are meant to catch tax dodgers.
Imagine a Dominican (resident in Dominica) earning income in another country and not reporting it. The same goes for a US or EU resident. The aim of FATCA and the CRS etc. is to exchange that information automatically.
Of course the ultimate proof in these systems working is that the information is actually reported AND used
Excellent comment @Ibo France, but am wondering if you would have made the same comment if it was Dominica that was placed on the blacklist. I gave it a đź‘Ť