ECOFIN adopts revised list of non-cooperative jurisdictions for tax purposes; Pillar Two Directive not on the agenda

On 4 October 2022, the European Union (EU) Finance Ministers adopted a revised list of non-cooperative jurisdictions for tax purposes (EU list).

Anguilla, the Bahamas, and Turks and Caicos Islands were added to Annex I (the so-called “black” list). Armenia and Eswatini were added to Annex II (the so-called “gray” list), while Bermuda and Tunisia were removed.

The next revision to the EU List is expected in February 2023.

The Pillar Two Directive was not on the agenda.