The EU resolves to blacklist nil tax jurisdictions

The European Parliament has agreed that the EU Code of Conduct Group (Business Taxation) should broaden the criteria used to blacklist non-cooperative jurisdictions.

The aim of this new resolution is to make the process of listing or delisting a country more transparent, consistent and impartial; also adding criteria to ensure that more countries are considered a tax haven and prevent countries from being removed from the blacklist too easily.

MEPs believe in the importance of considering more practices beyond preferential tax rates in the assessment on the fairness of tax systems; the resolution thus proposes automatic blacklisting of countries with 0% business tax rates and insists on EU Member States to be screened to see if they display any characteristics of a tax haven.