The European Commission has launched its work to create first common EU list of non-cooperative tax jurisdictions by presenting a pre-assessment ('scoreboard of indicators') of all third countries according to key indicators.
The EU Commission released a draft list of countries suspected of facilitating tax avoidance and asked EU Member States to choose which countries should be screened more fully over the next months."Member States have already given their backing to this approach, which is also strongly supported by the European Parliament," the Commission stated.
Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs said: "We want to have fair and open discussions with our partners on tax issues that concern us all in the global community. The EU list will be our tool to deal with third countries that refuse to play fair."
The aim of the Commission’s scoreboard is to help Member States to determine which countries the EU should start a dialogue with regarding tax good governance issues. The scoreboard presents factual information on every country under three neutral indicators: economic ties to the EU, financial activity and stability factors. "The pre-assessment does not represent any judgement of third countries, nor is it a preliminary EU list," the Commission pointed out.
The screening of the selected countries should begin next January, with a view to having a first EU list of non-cooperative tax jurisdictions before the end of 2017.
On the same day, the commission also released Questions and Answers on the common EU list of non-cooperative tax jurisdictions.
Our digital platform enhances your tp experience and is ready to let you discover new and related content.
It provides a range of social features:
- Links to Social media (LinkedIn, Twitter, Facebook, YouTube and Xing)
- Sharing our news by monthly Newsletter(s)
- Discuss key issues with our TPA Global team members via blogs and social media
Copyright © 2017
Transfer Pricing Associates BV.
All rights reserved.