By Davide Anghileri, University of Lausanne
The EU Council today adopted a revised EU list of non-cooperative tax jurisdictions, removing Aruba, Barbados, and Bermuda from the list.
The Council also announced that while it will continue to regularly review and update the tax blacklist in 2019, from 2020 updates to the EU list will be done no more than twice per year to give sufficient time for Member States to amend their domestic legislation.
As a result of today’s action, 12 jurisdictions now remain on the EU list of non-cooperative jurisdictions: American Samoa, Belize, Dominica, Fiji, Guam, Marshall Islands, Oman, Samoa, Trinidad and Tobago, United Arab Emirates, US Virgin Islands, and Vanuatu.
The changes to the list follow Aruba, Barbados, and Bermuda’s efforts to reform their tax policies. As a consequence, Barbados and Bermuda will be moved from Annex I of the conclusions to Annex II, which lists jurisdictions that have undertaken sufficient commitments to reform their tax policies while Aruba will be removed entirely from both annexes.
The aim of the EU list is to contribute to on-going efforts to prevent tax avoidance and promote good governance principles such as tax transparency, fair taxation, and international standards combatting tax base erosion and profit shifting.
Davide Anghileri
Davide Anghileri is a PhD candidate at the University of Lausanne, where he is writing his thesis on the attribution of profits to PEs. He researches transfer pricing issues and lectures for the Master of Advanced Studies in International Taxation and Executive Program on Transfer Pricing.
Anghileri, a Contributing Editor at MNE Tax, previously worked as a policy advisor to the Swiss government on BEPS issues.
Davide can be reached at [email protected].
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