The Economic and Financial Council (ECOFIN) of the Council of the European Union have issued a press release announcing the conclusions of its latest review of the EU list of non-cooperative jurisdictions for tax purposes.
The EU member states have added four new jurisdictions to the list of non-cooperative jurisdictions.:
- the British Virgin Islands;
- Costa Rica;
- the Marshall Islands; and
- Russia.
The revised list now comprises 16 jurisdictions in total:
- American Samoa;
- Anguilla;
- The Bahamas;
- the British Virgin Islands;
- Costa Rica;
- Fij;
- Guam;
- Marshall Islands;
- Palau;
- Panama;
- Russia;
- Samoa;
- Trinidad and Tobago;
- Turks and Caicos Islands;
- US Virgin Islands; and
- Vanuatu.
The Council also approved and updated the “state-of-play” document (Annex II) that reflects ongoing work and the commitments made to the EU by jurisdictions to reform their legislation to adhere to agreed tax good governance standards.
Related content from Claritax Books
Advising British Expats is a detailed guide to the tax issues arising for individuals who leave the UK to live and work abroad. Written for accountants and other professional tax advisers, the book also includes commentary on individuals coming to work in the UK.
