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Several Jurisdictions and the OECD Voice Concerns with the EU Commission's list of Non-Cooperative Jurisdictions

23 June 2015

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European Union-Bermuda-Cayman Islands-Guernsey-Hong Kong-Liechtenstein-OECD

A number of jurisdictions have voiced their displeasure with being included in the EU Commission's list of non-cooperative jurisdictions, which was issued as part of the Action Plan to reform corporate taxation in the EU ({News-2015-06-18/A/5- previous coverage}). The list includes 30 jurisdictions that appear on the tax haven blacklists of 10 or more EU Member States. Negative responses (some quite strongly worded) have been given by Bermuda, the Cayman Islands, Guernsey, Hong Kong and Liechtenstein. OECD’s Secretary General Angel Gurría has also voiced his concern in a letter sent to EU Commissioner Pierre Moscovici dated 19 June 2015, stating...