Estonia would ideally wait and see what the outcome of an Organization for Economic Co-operation and Development (OECD)-led global tax reform looks like before making any amendments to the European Union's tax code, finance minister Keit Pentus-Rosimannus (Reform) says.
Hungarian and Estonian diplomats have blocked a revised set of tax rules, potentially derailing an effort to curb the race for ever-lower corporate taxes in the EU.
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EU removes Barbados from blacklist of non-cooperative jurisdictions
The European Union announced today it has removed Barbados from its blacklist of countries it deems non-cooperative in matters of taxation, and added Dominica.
The EU s review of Barbados status comes just four months after the bloc s finance ministers voted to blacklist the Caribbean island.
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Blacklisted jurisdictions face higher scrutiny, loss of access to EU funds and damage to their reputations.
The EU council said Dominica was placed on the blacklist because it lacked a rating of at least largely compliant from the Global Forum on Transparency and Exchange of Information for Tax Purposes.