Friday, June 26, 2015

European Commission issues "black list" of 30 "tax havens"

Action Plan on Corporate Taxation

On 17 June 2015, the Commission adopted an Action Planpdf Choose translations of the previous link for fair and efficient corporate taxation in the EU.
The Action Plan sets to reform the corporate tax framework in the EU, in order to tackle tax abuse, ensure sustainable revenues and support a better business environment in the Single Market.
See the timelinepdf. 

5 Key Areas for Action have been identified:

1. Re-launching the Common Consolidated Corporate Tax Base (CCCTB)
2. Ensuring fair taxation where profits are generated
3. Creating a better business environment
4. Increasing transparency
5. Improving EU coordination 
map of non-cooperative tax jurisdictions has also been published, in a move to reinforce the EU's response to external threats to Member States' tax bases.
The Commission also adopted a decision to prolong the Platform on Tax Good Governance, and revise its scope and working methods.
For further information

The map was drawn up on the basis of work done by the Platform for Tax Good Governance and the information provided by EU Member States.

Top 30 listed countries: Andorra, Liechtenstein, Guernsey, Monaco, Mauritius, Liberia, Seychelles, Brunei, Hong Kong, Maldives, Cook Islands, Nauru, Niue, Marshall Islands, Vanuatu, Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Grenada, Montserrat, Panama, St Vincent and the Grenadines, St Kitts and Nevis, Turks and Caicos, US Virgin Islands.

Panama is listed by Bulgaria, Croatia, Estonia, Greece, Italy, Latvia, Lithuania, Poland, Portugal, Slovenia, and Spain.

Full text in the European Commission website