EU tax haven blacklist to dwindle to six
EU finance ministers are expected to remove three more jurisdictions from the EU tax haven blacklist, meaning it has shrunk from 17 to just six since its inception in December.
Tax Haven
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EU tax haven blacklist shrinks by half
The European Union’s embattled list of non-cooperative jurisdictions for tax purposes has nearly halved after commitments were made at a “high political level” in eight jurisdictions to address EU concerns.
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US slams EU tax haven blacklist
The US Treasury Department “disagrees” with the recently released EU tax haven blacklist, arguing that it “undermines” international standards put in place to identify non-cooperative tax jurisdictions, according to a letter sent to the EU security general.
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Liechtenstein denies pushing for Swiss tax haven inclusion
Liechtenstein officials have denied any involvement after Swiss authorities demanded an explanation following reports that the tiny principality had pressed for Switzerland’s inclusion on the EU’s tax haven watchlist.
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EU blacklist comes up short on sanctions
The EU has blacklisted 17 jurisdictions, including South Korea and the United Arab Emirates, and put 47 others on notice including Jersey and the Cayman Islands, but it has not said what sanctions or penalties those shamed will face.
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17 jurisdictions on EU tax haven blacklist
The European Council published its blacklist of 17 non-cooperative jurisdictions on Tuesday, including the United Arab Emirates and Bahrain.
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Regulators prepare for latest tax haven blacklist
As the European Union accelerates plans to publish its blacklist of tax havens in the light of the Paradise Papers, now brought forward to Tuesday 5 December, the world’s regulators must decide what action is needed.
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Jurisdictions face critical EU tax haven blacklist test
A ‘substance’ test that determines whether actual business activities of offshore structures take place in a jurisdiction could be the make or break factor for 53 countries facing the prospect of being added to an EU-wide tax haven blacklist.
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EU tax haven blacklist talks brought forward
A European Union blacklist of tax havens will move a step closer to reality on Tuesday when the member states’ finance ministers meet to discuss plans to tackle offshore tax avoidance.
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Who are the world’s biggest tax cheats?
A tenth of the world’s total wealth is held in offshore tax havens, with the figure rising to about 15% for Europe and as much as 60% for some Gulf and Latin American countries, new research shows.
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Jersey gets a rebrand to spurn ‘tax haven’ label
Jersey Finance has launched a new communications strategy to counter the negative impact of cross-border financial centres’ malpractice on the general public, and to improve the image of its financial services industry in the local community and abroad.
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Italy emerging as stand-out haven for the super wealthy
A new flat rate tax regime introduced in Italy earlier this year is putting the nation on the map of potential destinations for super-wealth expats of all nationalities, an expert has told International Adviser.