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Tuesday, 5 December, the EU Council released a raft of documents addressing tax avoidance and evasion within the EU as reforming tax competition worldwide. Offers a legislative formula ("BEPS Package") to assist "developing" governments' compliance with "The Code of Conduct for Business Taxation", which is not legally binding on EU members. Through the press enthusiastic EU constituents threaten sanctions against scofflaws.

"Blacklist": non-cooperative jurisdictions for tax purposes

American Samoa, Bahrain, Barbados, Grenada, Guam, Korea (Republic of), Macao SAR*, Marshall Islands, Mongolia, Namibia, Palau, Panama, St Lucia, Samoa, Trinidad and Tabago, Tunisia, United Arab Emirates
"Grey": Existence of harmful tax regimes
Andorra, Armenia, Aruba, Belize, Botswana, Cabo Verde, Cook Islands, Curacao, Fiji, Hong Kong SAR*, Jordan, Liechtenstein, Maldives, Mauritius, Morocco, Saint Vincent and the Grenadines, San Marino, Seychelles, Switzerland, Taiwan, Thailand, Turkey, Uruguay, Andorra, Armenia, Aruba, Belize, Botswana, Cabo Verde, Cook Islands, Curacao, Fiji, Hong Kong SAR*, Jordan, Liechtenstein, Maldives, Mauritius, Morocco, Saint Vincent and the Grenadines, San Marino, Seychelles, Switzerland, Taiwan, Thailand, Turkey, Uruguay, Vietnam
"Grey": Anti-BEPS Regimes
Aruba, Cook Islands, Faroe Islands, Greenland, New Caledonia, Saint Vincent and the Grenadines, Taiwan, Albania, Armenia, Bosnia and Herzegovina, Cabo Verde, Fiji, Former Yugoslav Republic of Macedonia, Jordan, Maldives, Montenegro, Morocco, Serbia, Swaziland, Vanuatu

"Grey": Tax regimes that facilitate offshore structures which attract profits without real economic activity
Bermuda, Cayman Islands, Guernsey, Isle of Man, Jersey, Vanuatu

source: ANNEX I - II (abridged), "The EU list of non-cooperative jurisdictions for tax purposes" and Council conclusions adopted 12 May 2017, published 5 Dec 2017.
* an acronym of Special Administrative Region (of the People's Republic of China), likewise Hong Kong SAR. Inexplicably Crown Dependencies, Overseas Territories, and Channel Islands are neither distinguished nor excluded, as are 'Hurricane Countries' granted temporary reprieve, among subsets of deficient AND co-operative jurisdictions ("grey" listings] which have committed in some form or another to sign, ratify, and implement either the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC) or the "network of agreements covering all EU Member States" by CYE 2019, the latest.

Diversity is the key to economic and political evolution.
by Cat on Thu Dec 7th, 2017 at 10:47:47 PM EST
[ Parent ]

source: 64 affected countries, actually. The EU List of non-cooperative tax jurisdictions. 5 Dec 2017.

Diversity is the key to economic and political evolution.
by Cat on Thu Dec 7th, 2017 at 11:09:06 PM EST
[ Parent ]
[S&D] MEPs try to add EU member states to the blacklist of tax havens
EURACTIV France reports. ...The "PANA" report is due to be debated and adopted on 12 December in Strasbourg. Many of the crucial problems identified by the authors concern the lack of application of common tax rules. ... for example only six out of 28 countries have put in place the 4th anti-money laundering directive, which must be implemented before the end of 2017.


Diversity is the key to economic and political evolution.
by Cat on Sat Dec 9th, 2017 at 12:27:53 AM EST
[ Parent ]
Bermuda, Cayman Islands, Guernsey, Isle of Man, Jersey, Vanuatu are distinguished overseas territories, "special administrative regions" or commonwealth members of the crown.

Venuatu, formerly-known-as New Hebrides, has sideline business in financial services to complement the subsistence economy of the "natives".

Diversity is the key to economic and political evolution.

by Cat on Sun Dec 10th, 2017 at 09:37:25 PM EST
[ Parent ]

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