The EU List of Non-Cooperative Tax Jurisdictions: Implications for Global Businesses

The EU List of Non-Cooperative Tax Jurisdictions: Implications for Global Businesses

December 8, 2017, Covington Alert

On December 5, the European Union announced a “blacklist” of 17 countries it considers to be non-cooperative tax jurisdictions, with a further 47 countries at risk of being added to the list if they fail to meet EU criteria. The countries on the “blacklist” face possible economic sanctions and restrictions which businesses should be considering. The list is part of the EU’s ongoing work to reduce international tax evasion and avoidance.