|Printable version||E-mail this to a friend|
Taxation: Council agrees criteria for the screening of third country jurisdictions
On 8 November 2016, the Council agreed on the criteria and the process for the establishment of an EU list of non-cooperative jurisdictions in taxation matters.
It adopted conclusions on:
- criteria for the screening of third country jurisdictions;
- guidelines on the process for selecting and screening jurisdictions.
Screening is due to be completed by September 2017, so that the Council can endorse the list of non-cooperative jurisdictions by the end of 2017. Screening is intended to be a continuous and regular process.
The Council's code of conduct group for business taxation will conduct and oversee the screening process, supported by the Council's secretariat. The Commission's services will assist the group in carrying out the necessary preparatory work for the screening process.
Work is also continuing on potential defensive measures at EU level, with a view to their endorsement by the Council by the end of next year. These could be considered for implementation in the tax as well as non-tax field.
"Today's agreement between all member states is an essential part of our joint EU strategy to combat global challengessuch as tax base erosion and profit shifting. It proves that we are delivering on our drive to be a frontrunner in this field", said Peter Kažimír, Slovak minister for finance and president of the Council yesterday.
"This a first crucial step in the process that will take place throughout 2017", he added. "A dialogue will start with those countries that fail to comply with the criteria we have established, and only those jurisdictions refusing to cooperate and fulfil the criteria in due time will be placed on the so-called blacklist. Our primary goal is to incentivise, not to punish."
Ministers originally expressed support for the establishment of an EU list at an April 2016 informal meeting in Amsterdam, and the Council adopted conclusions on 25 May 2016.
- November 2016 Council conclusions on the establishment of an EU list of non-cooperative jurisdictions
- May 2016 Council conclusions on the third country aspects of tax transparency
- January 2016 Commission communication on an external strategy for effective taxation
- January 2016 package of Commission proposals to tackle corporate tax avoidance
- Code of conduct group on business taxation
Latest News from
Car rental companies improve treatment of consumers, thanks to EU-wide enforcement20/01/2017 16:25:00
Following a strong increase of the number of complaints on car rental issues, the European Commission and national consumer authorities engaged with the five leading car rental companies to address these issues.
Human rights: Indonesia, Central African Republic and Burundi20/01/2017 15:25:00
Parliament condemns growing intolerance towards ethnic, religious and sexual minorities in Indonesia, attacks against peacekeepers in Central African Republic and breaches of human rights in Burundi, in three resolutions voted on Thursday.
UK and Gibraltar are a single Member State for the purposes of the freedom to provide services20/01/2017 15:15:00
The Advocate General concludes that the application of EU law to Gibraltar does not create new or supplementary rights between the UK and Gibraltar that are in addition to those flowing from UK and Gibraltar constitutional law.
MEPs reject EC blacklist of states at risk of money laundering20/01/2017 14:25:00
MEPs have voted to return to the EU Commission its blacklist of countries deemed to be at risk of money laundering and terrorist financing. The list is too limited, and should be expanded, e.g. to include territories that facilitate tax crimes, they said before voting the resolution on Thursday.
Refugees: MEPs demand emergency winter aid and transfers to other EU countries20/01/2017 14:15:00
EU and national authorities should provide emergency aid to help migrants & refugees to cope with freezing temperatures & snow in several parts of Europe, MEPs urged on Wednesday. They also called on EU governments to keep their promises to transfer thousands of asylum-seekers, particularly from Greece, to other countries.