EU Code of Conduct Group’s taxation work program released

By Francesca Amaddeo, Lecturer-Researcher, Tax Law Competence Centre (SUPSI), Manno, Switzerland

On 9 February, the Council of the European Union released the Code of Conduct Group’s new work plan under the Portuguese Presidency.

The EU Code of Conduct Group monitors jurisdictions within the European Union to determine if they cooperate from a tax standpoint.

Goals reached by the group include steps forward in EU tax transparency.

The Portuguese Presidency’s new work plan provides for monitoring standstill, the implementation of rollback, and Member States’ compliance with the 2017 guidance on tax benefits related to special economic zones.

The showpiece, the so-called EU blacklist, whose structure has been strongly criticized by the EU Parliament, is also part of the plan.

The list will be revised by ECOFIN in February, aiming to update the States’ evaluation.

Annex I and II will be updated, removing those countries which fulfilled their commitments or have committed to reform. Jurisdictions rated as non-compliant by the Global Forum, with respect to the implementation of the exchange of information upon request will be added in the relevant annex. According to reports, the EU has agreed to again delay Turkey’s tax blacklisting after Turkey renewed its promise to become more transparent.

Among others, jurisdictions providing foreign source income exemption regimes are in the crosshairs.

The implementation of country-by-country reporting standards is under scrutiny as well as is the future criterion on the exchange of information related to beneficial ownership.

In short, same old.

However, the Code of Conduct Group’s mandate is expected to be revised by the beginning of 2022. Let’s see.

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Francesca Amaddeo

Lecturer-researcher at Tax Law Competence Centre, Department of Business Economics, Health and Social Care, University of Applied Science and Arts of Southern Switzerland (SUPSI)

Dr. Francesca Amaddeo, PhD in European law and national legal systems, is an Italian lawyer that works as Lecturer-researcher at the Tax Law Competence Centre, Department of Business Economics, Health and Social Care, University of Applied Science and Arts of Southern Switzerland (SUPSI).

Latest posts by Francesca Amaddeo (see all)

• International taxation: two-pillar plan and the OECD mainstream - February 28, 2022
• Swiss federal act on implementation of international tax agreements: ready for January 2022 - November 23, 2021
• EU Commission seeks to ease withholding tax mechanism on cross-border investments - October 26, 2021
• CJEU to review German transfer pricing obligation: do national tax rules affect EU freedoms? - October 11, 2021
• Switzerland advances withholding tax reform - May 17, 2021

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