11 Oct 2018
The European Union is considering screening its own member states to assess whether they should be included in the bloc’s blacklist of tax havens, a senior EU official said on Wednesday.
In December 2017 the EU drew up a blacklist of jurisdictions whose tax rules and practices are deemed not in line with its standards. The list had initially included 17 countries and recently shrunk to six.
It was compiled after a global screening process which excluded the 28 states of the European Union, despite calls from lawmakers and campaigners to assess whether countries like Luxembourg, Malta, Ireland or the Netherlands should be considered tax havens due to their tax rules.
The new Austrian presidency of the European Union is now reviewing the mandate of the group that conducted the screenings and regularly updates the list – the so-called Code of Conduct Group on Business Taxation.
– By Francesco Guarascio, Reuters, 10 Octobe 2018.
Link to Reuters .
You can claim CPD minutes for reading this article, by signing up to our CPD WalletFREE CPD Wallet