EC consolidated lists of tax good governance standards | KPMG | GLOBAL

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.


Related content

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.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal