EU: Listing third countries, corporate “tax avoidance” identified

List of third countries, corporate "tax avoidance"

The European Commission today reported it has updated the consolidated version of the lists from the EU Member States, reflecting changes in assessments of the tax “good governance” standards of these third countries, as well as providing revisions to national lists.

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As noted in today’s EC release, the consolidated list is part of the EU's external agenda against corporate tax avoidance and aims to introduce more transparency into national listing processes across the EU, while also encouraging third countries to engage with EU Member States on tax good governance matters. 

EU Member States are being encouraged to re-examine their national listings to determine that they are correct and up-to-date. The ultimate goal is to develop a common EU approach, giving EU Member States “collective strength in addressing risks to their tax bases and provide greater legal certainty for businesses and international partners.” 

The EC discussions with the EU Member States are expected by 2016 to provide for a broader strategy against external risks of tax avoidance.

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