Council of the European Union Agrees on Criteria for List of Non-cooperative Jurisdictions
During its meeting held 8 November 2016, the Council of the European Union agreed on the criteria and the process for the establishment of an EU list of non-cooperative jurisdictions in taxation matters. The criteria are summarized as follows:
Tax transparency criteria
- Initial criterion: The jurisdiction should have committed to and started the legislative process to implement the OECD Commo…