EU list of non-cooperative tax jurisdictions for tax purposes: Anguilla and Barbados added, Cayman Islands and Oman removed
The European Council decided on 6 October 2020 to add Anguilla and Barbados to the EU list of non-cooperative jurisdictions for tax purposes. Cayman Islands and Oman were removed from the list, after having passed the necessary reforms to improve their tax policy framework. This was announced with a press release published on the website of the European Commission. At the bottom of this article you will find the relevant ...
EU updates list of non-cooperative tax jurisdictions: four countries added to the list
On 18 February 2020, EU Finance Ministers updated the EU list of non-cooperative tax jurisdictions. This was announced with a press release published on the website of the European Commission. Further from the press release: Four countries or territories- Cayman Islands, Palau, Panama and Seychelles - have been added to the list of non-cooperative tax jurisdictions, as they failed to comply with the required standards within the deadline. These join ...
OECD Secretary-General Tax Report to G20 Finance Ministers
On 9 October 2019 the OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors was released. From the Overview in the report: “Overview G20 support for modernising the international tax rules has been instrumental over the past 10 years in ending bank secrecy, considerably improving tax co-operation, and strengthening the rules to counter base erosion and profit shifting (BEPS) by multinational companies. However, further progress is needed ...
Strong progress seen on international tax transparency, OECD announces; Aruba rated as largely compliant, Curaçao mentioned as jurisdiction that has already applied to have its next Global Forum peer review advanced in order to reflect the recent progress it has made
In July 2016, G20 countries called on the Global Forum to devise objective criteria to identify jurisdictions that have not made sufficient progress toward a satisfactory level of implementation of the agreed international standards. These include those on Exchange of Information on Request (EOIR) and Automatic Exchange of Information (AEOI). The Global Forum established a Fast-Track review process to evaluate continuing efforts by some jurisdictions to meet transparency standards in the ...
OECD announces further developments in international tax co-operation
On 16 March 2017 the OECD announced further developments in international tax co-operation. These developments hold, inter alia, that six treaty partners of Hong Kong (China), including the Netherlands, signed a competent authority agreement (CAA) with Hong Kong (China). CFN • Caribisch Fiscaal Nieuwsblad will monitor whether the CAA between Hong Kong and the Netherlands was signed by the Netherlands also on behalf of one or more of the Caribbean ...