20 Dec The driving forces behind the EU list of non-cooperative tax jurisdictions
The European Commission (EC) released the first ever European Union (EU) list of 17 non-cooperative tax jurisdictions on 5 December 2017. The EC’s motivation for compiling this list is multi-fold but primarily concerns improving global standards of tax transparency, fair tax competition, and taxation of real economic activities. The listing process, which consists of several stages, started in November 2016 and initially considered over 200 jurisdictions. Investment Consulting Associates (ICA) explores how the EC conducted the listing process, how jurisdictions have been assessed, the criteria on which the tax mechanisms in these third countries have been evaluated, and the implications for assessed jurisdictions.
For further information, please contact ICA’s Free Zones & Incentives Advisor Mr. Laurens van der Schoor at email@example.com or +31 6 5794 8758.