The European commission has published a new list adopted by the Council on 22 February 2021.
Following the February 2021 update, there are 12 jurisdictions on the list of non-cooperative jurisdictions (Annex I). These new list of non-cooperative jurisdictions are
- American Samoa
- Anguilla
- Dominica (new)
- Fiji
- Guam
- Palau
- Panama
- Samoa
- Trinidad and Tobago
- US Virgin Islands
- Vanuatu
- Seychelles
The Council today adopted conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, deciding to add Dominica to the EU list of non-cooperative jurisdictions (Annex I of the conclusions) and to remove Barbados from that list.
The Council adopted the first EU list on 5 December 2017. It has since been updated several times.
The EU list of non-cooperative jurisdictions for tax purposes is a tool to tackle:
- tax fraud or evasion: illegal non-payment or under payment of tax
- tax avoidance: use of legal means to minimise tax liability
- money laundering: concealment of origins of illegally obtained money
Read more here