Council of the European Union Agrees on Criteria for List of Non-cooperative Jurisdictions

During its meeting held 8 November 2016, the Council of the European Union agreed on the criteria and the process for the establishment of an EU list of non-cooperative jurisdictions in taxation matters. The criteria are summarized as follows:

Tax transparency criteria

• Initial criterion: The jurisdiction should have committed to and started the legislative process to implement the OECD Common Reporting Standard (CRS), with first exchanges in 2018 at the latest, and have arrangements in pla…