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European Parliament Pushing for Changes in System Used for Tax Haven Blacklist

25 January 2021

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Proposed Changes

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European Union

The European Parliament has announced a resolution pushing for changes in the system used for including jurisdictions in the EU tax haven blacklist (the list of non-cooperative jurisdictions), which is currently viewed as "confusing and ineffective". --- EU tax haven blacklist is not catching the worst offenders Criterion to judge if a country’s tax system is fair or not needs to be widened Countries should not be removed from the blacklist if they only make symbolic tweaks A 0% tax rate policy should automatically lead to being placed on the blacklist List has to be formalised through a legally binding...