EU STATES SPLIT ON USING COMPANY TRANSPARENCY RULES TO BLACKLIST TAX HAVENS

BNA Bloomberg on 30th July reported that EU Member States are divided over a plan to add company beneficial ownership transparency standards to the criteria used to draw up its tax haven blacklist.  The UK is said to be leading a group of EU countries blocking the plan.  The beneficial ownership negotiations are taking place in the EU Code of Conduct Group for Business Taxation.  Currently there are 7 countries on the EU tax haven blacklist. They include: Namibia, Palau, American Samoa, the US Virgin Islands, Trinidad and Tobago, and Guam.

https://www.bna.com/eu-split-using-n73014481212/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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