By: Sara Cely.
The Council of the European Union met on Monday and has since released the conclusions it adopted on the revised EU list of non-cooperative jurisdictions for tax purposes.
Amongst the biggest changes is the addition of Dominica to the blacklist, as it received a “partially compliant” rating from the OECD’s Global Forum, and hasn’t resolved the issue. On the other hand, Barbados managed to get out of the list after being added in October 2020 for the same reason as Dominica. Since then, it has been granted a supplementary review by the Forum and, pending the outcome, it is now in the state-of-play document.
Other countries in the state-of-play document are: Australia, Botswana, Eswatini, Jamaica, Jordan, Maldives, Thailand and Turkey.
“Australia and Jordan have been granted an extension to the deadline for fulfilling their commitments until the assessment of their reforms by the OECD Forum on Harmful Tax Practices is pending. Maldives has been given four additional months to ratify the OECD Multilateral Convention on Mutual Administrative Assistance. Turkey was requested to solve all open issues as regards effective exchange of information with all member states, as specified in the Council conclusions.”
The complete list of the 12 jurisdictions on the list of non-cooperative jurisdictions is: American Samoa, Anguilla, Dominica, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the US Virgin Islands and Vanuatu.
Read more on the EU Blacklist here: