Yesterday, the EU Council published a list of 17 “non-cooperative” jurisdictions in taxation matters. No additional sanctions were imposed on those states, but the EU stated that the named jurisdictions are strongly encouraged to make the changes requested of them, whether to their tax legislation, policies and/or administrative practices. Failure to do so could result in the EU and member states applying “defensive measures”, including both taxation and non-taxation measures, with the aim of preventing the erosion of EU member state tax bases.
The EU also published a list of 47 “co-operative” jurisdictions, which have already committed to introducing relevant changes in their tax legislation in order to comply with EU and international tax standards (those commitments to be monitored). EU Notice here, and Council conclusions (including the lists) here.
Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...See profile for Maya Lester QC >