EUROPEAN PARLIAMENT CALL FOR AUTOMATIC EU BLACKLISTING FOR COUNTRIES WITH 0% TAX RATE
January 2nd, 2021
The European Parliament is calling for automatic inclusion of jurisdictions with a 0% corporate tax rate within the European Union’s (EU) blacklist of tax havens, a rule – should it be imposed – that would see UK dependency the Cayman Islands included. In a January 21 resolution on reforming the EU list of non-cooperative jurisdictions (1), MEPs concluded that while the list, set up in 2017, has had a “positive impact … it does not live up to its full potential….” The reason – “jurisdictions currently on the list cover less than 2% of worldwide ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.