Panama was included on the revised European Union (EU) list of non-cooperative jurisdictions for tax purposes, which the Council of the European Union (the Council) adopted on 18 February 2020.Methodology used by the Code of Conduct GroupThe Code of Conduct Group (COCG) issues the list of non-cooperative jurisdictions as part of its on-going monitoring process. That process includes:1. Monitoring commitments made, as well as changes to legislation2. Updating its screening criteria as international standards develop3. Screening countries again in light of updated criteria4. Adding new countries to the screening process5. Regularly reporting to the Economic and Financial Affairs CouncilTo determine whether...