EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbados added, Cayman Islands and Oman removed – October 6th Update

As per October 6th Announcement by the Council of the European Union, the Council today decided to add Anguilla and Barbados to the EU list of non-cooperative jurisdictions for tax purposes.

Cayman Islands and Oman were removed from the list, after having passed the necessary reforms to improve their tax policy framework.

The EU list of non-cooperative jurisdictions for tax purposes is part of the EU’s external strategy for taxation and aims to contribute to ongoing efforts to promote tax good governance worldwide. It lists non-EU jurisdictions that either have not engaged in a constructive dialogue with the EU on tax governance or have failed to deliver on their commitments to implement reforms to comply with a set of objective tax good governance criteria, concerning tax transparency, fair taxation and implementation of international standards against tax base erosion and profit shifting.

The relevant press release is available Here in English.

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