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Published: Share: Reacting to today’s approval of an up-dated EU black list of tax havens by EU foreign ministers, the Socialists and Democrats in the European Parliament condemned that rich and powerful countries are given a pass, and reiterated their call for tougher criteria for the EU’s tax havens list. Aurore Lalucq, S&D MEP and spokesperson on tax matters, said: “Yet again, the EU tax havens list has let the worst offenders off the hook. 12 countries are blacklisted, all of them tiny and among them 11 tropical islands. No big country, no rich country, no EU ...

De Raad heeft conclusies aangenomen over de herziene EU-lijst van jurisdicties die niet coöperatief zijn op belastinggebied.Hij heeft daarin besloten …

Seychelles Hoping For EU Tax Blacklist Removal This Year Seychelles Hoping For EU Tax Blacklist Removal This Year by Lorys Charalambous, Tax-News.com, Cyprus 22 February 2021 The Seychelles Ministry of Finance has said it is confident that it will be removed from the EU's list of non-cooperative jurisdictions when it is next reviewed. In a February 16 statement, the Ministry said: "The Seychelles has taken the key steps in reforming its territorial tax regime to address concerns of the European Union (EU). Together with addressing the concerns of the Global Forum on Transparency and Exchange...

In March 2020 the Comptroller of Revenue released a concession confirming that where companies had to alter their operating practices to compensate for the COVID-19 outbreak, the comptroller would not determine that such company had failed the economic substance test under Article 6 of the Taxation (Companies – Economic Substance) (Jersey) Law 2019. Given that the pandemic remains ongoing, the comptroller recently issued further guidance in relation to the concession.

Tax rates mapped (Image: Express) The EU list of tax havens was introduced in 2017 with the intention of putting an end to tax havens around the world and imposing sanctions on them to stop the loss of tax revenues. However, currently, it covers barely two per cent of corporate tax avoidance worldwide. Most recently, the European Parliament had called for stricter criteria for the list as well as a consistent and transparent listing process. The EU list of tax havens is the result of a review and dialogue process of the Code of Conduct Group on Business Taxation in the European Council with t...