The European Union (EU) announced that its list of non-cooperative tax jurisdictions remains unchangedmaintaining a total of 11 territories considered tax havens.
This decision was taken during the meeting of EU finance ministers, held today in Luxembourg, where “positive developments” in some of these jurisdictions were highlighted.
The European Commission, in a statement, confirmed that “EU finance ministers today updated the list, which reflects the EU’s firm commitment to fiscal transparency and fair taxation at a global level.”
It is important to point out that no new jurisdictions were added to the list in this update.
Jurisdictions that continue to be considered non-cooperative include American Samoa, Anguilla, Fiji, Guam, Palau, Panama, Russian Federation, Samoa, Trinidad and Tobago, US Virgin Islands, and Vanuatu.
The European Commission noted that “The update highlights a number of positive developments in some of these jurisdictions, reflecting ongoing efforts to address areas of concern”.
The EU list was created in December 2017 as part of an external strategy to promote good tax governance globally.
This list is revised twice a year to monitor changes in tax policies and levels of cooperation between jurisdictions.