Thursday, November 14, 2024

EU publishes non cooperative Tax jurisdictions for 2021

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

  1. American Samoa
  2. Anguilla
  3. Dominica (new)
  4. Fiji
  5. Guam
  6. Palau
  7. Panama
  8. Samoa
  9. Trinidad and Tobago
  10. US Virgin Islands
  11. Vanuatu
  12. 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

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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