Council of the European Union Update A list of jurisdictions that do not cooperate with the EU in the area of taxation, including Dominica and Barbados. The updated list includes 12 jurisdictions: American Samoa, Anguilla, Dominica, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, U.S. Virgin Islands, Vanuatu.
The list includes jurisdictions around the world that have not engaged in a constructive dialogue with the EU on tax administration issues, or have not fulfilled their commitments to implement the necessary reforms to meet a series of objective standards for good tax administration.
These standards include tax transparency, fair taxation, and compliance with international standards to resist tax base erosion and profit shifting.
In addition, the Council of the European Union has updated the list of jurisdictions that have not yet met all international tax standards but have assumed full responsibility to implement the principles of good tax management. Morocco, Namibia and Saint Lucia that fulfilled their obligations were excluded from the document. The reason for joining Jamaica is its commitment to change or abolish its special economic zone system by the end of 2022.
Australia, Barbados, Botswana, Eswatini, Jordan, Maldives, Thailand and Turkey have also made commitments to reform their tax policies.
The offshore blacklist was created in accordance with the fourth EU anti-money laundering directive in 2015. The European Union believes that the list includes countries that have insufficient efforts to combat money laundering and terrorism. The list of EU jurisdictions that do not cooperate with EU tax authorities was compiled in December 2017. Since 2020, it has been updated twice a year. Next time the list will be revised in October.
The states and territories on the offshore blacklist will be subject to stricter controls on transactions with the EU. Jurisdictions committed to tax reform are grayed out on the EU blacklist.