European Union blacklists 17 tax havens for failing to comply with tax transparency

07 Décembre, 2017, 02:08 | Auteur: Anatole Charbonneau
  • Video
       Queen's estate invests in offshore tax havens

The EU published its first "blacklist" of 17 tax havens on Tuesday, alongside a "greylist" of 47 jurisdictions.

The ECOFIN Council also provided some countermeasures to encourage countries placed on the blacklist of tax havens to change their behavior.

The 17 extra-EU jurisdictions seen as "not cooperative on tax matters" are South Korea, American Samoa, Bahrain, Barbados, Grenada, Guam, Macau, the Marshall Islands, Mongolia, Namibia, Palau, Panama, St. Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates.

The penalties could include special documentation requirements and withholding tax measures.

Dozens more countries avoided censure by pledging to improve their tax rules, transparency and information sharing.

The announcement comes less than a month after the publication of the Paradise Papers, a global leak containing information about individuals and companies holding offshore finances.

Other jurisdictions are understood to have been given leeway after suffering severe damage during hurricanes in the Caribbean earlier this year.

Instagram Introduces Stories Highlights and Stories Archive Features
Just tap on a story to rewatch it or add it to a new story, share it in a post, or add it to a highlight (more on that below). You can now make a "highlights" package showing your favorite Stories grouped together, and allow others to see it.

Reprise partielle de l'entraînement pour Dembélé
L'ailier français Ousmane Dembélé , gravement blessé en septembre, a pris part à une partie de la séance collective du FC Barcelone ce mercredi.

Cette stat qui fait tâche pour Monaco — LdC
Les Monégasques n'ont toujours pas digéré la défaite qu'ils leur ont administré à domicile, lors de la phase aller (0-3). La fin d'un long calvaire pour les hommes de Leonardo Jardim.

An existing list of tax havens compiled by the Organisation for Economic Cooperation and Development (OECD) now includes only Trinidad and Tobago.

According to the Independent UK, Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs on Tuesday said the adoption of the first-ever European Union blacklist of tax havens marks a key a key victory for transparency and fairness, but noted that the process does not stop here.

European authorities have urged nations to up their efforts in committing to greater tax transparency over the past year.

It has also taken legal action against major firms including Amazon that have been accused of owing back taxes. Lower-tax countries like Ireland and the Netherlands argue that will hurt Europe's competitiveness. British overseas territories and crown dependencies, such as the Cayman Islands and Bermuda, were featured on this, despite being involved in numerous tax avoidance schemes. Some did so by promising to clean up their act.

Alex Cobham of Tax Justice Network, a campaign group, said at the time that the document marked a disheartening return to "the [OECD'S] old pattern of creating "tax haven" blacklists on the basis of criteria that are so weak as to be near enough meaningless, and then declaring success when the list is empty". "Tax dodging means less money available for healthcare, education and the fight against poverty".

The EU says it updates the list at least annually.

Conseillé:



Populaire

The Fitbit Ionic's first major update adds new apps and watchfaces
The new apps launching now are ETrade, Flipboard, a Hue Lights control app, Surfline (surf reports), the New York Times and Yelp. The most exciting part might be Fitbit Labs , where the company plans to explore new ideas like gamified fitness.

Inclusión de Panamá en la lista negra es una acción 'discriminatoria', CCIAP
La Unión Europea (UE) adopta su primera lista 'negra' de paraísos fiscales , en la que incluye a 17 países y jurisdicciones, entre ellos, el polémico Panamá.

IPL franchises will spend Rs 480-640 crore on players next season
So, if a franchise does not to directly retain any player, it will be allowed a maximum of three RTMs at the auctions. However, Rising Pune Supergiants and Gujarat Lions will not feature in the 11th edition of the tournament.

"Real Madrid have not been in touch regarding Icardi" — Inter
Icardi has four years still left on his contract but the club are worried that the current £96 million (131m euros) release clause is too low.

Netflix Reveal 'Black Mirror' Season 4 Launch Date And Trailer
We're shivering with anticipation for the new season of Black Mirror . Despite the technology, it's one of the more humanist episodes. The fourth season of the series consists of six episodes.

Arnold police officer shot Tuesday in critical but stable condition
Klahs had a police record showing felony convictions for burglaries and drug offenses, and misdemeanor assault and thefts. TV news footage showed that a black Arnold police SUV appeared to have crashed near the police department parking lot.

Analyst Upside Underscores Impressive Growth for Digital Realty Trust, Inc. (NYSE:DLR)
Finally, ETRADE Capital Management LLC boosted its holdings in shares of Education Realty Trust by 4.5% during the second quarter. Massachusetts-based Rampart Investment Management Limited Liability Com has invested 0.07% in Vornado Realty Trust (NYSE:VNO).

Le Maroc convoque la chargée d'affaires de l'Ambassade des Etats-Unis
Hier, c'était le branle-bas de combat dans les chancelleries arabes pour tenter d'influer sur la décision du Président américain quant au transfert de l'ambassade des États-Unis de Tel-Aviv à El-Qods-Est occupée.

Senate confirms Trump's 2nd permanent DHS chief
The Justice Department under Sessions, and DHS under Nielsen, will share in enforcing different portions of immigration law. Nielsen was the second woman to head this ministry after Janet Napolitano, who was in office from 2009 to 2013.

Kim Kardashian West working on new beauty reality show
A trailer for the beauty competition show unveiled on Tuesday shows models dripping in colorful liquids, glitter and rhinestones. Kardashian serves as an executive producer alongside Diana Madison .