The List in Motion: Additions and Removals
The EU’s list, updated biannually, saw significant changes last October: Antigua and Barbuda, Belize, and Seychelles were added, while the British Virgin Islands, Costa Rica, and the Marshall Islands were removed. The list serves not just as a catalog of non-cooperative jurisdictions, but also as a dynamic tool reflecting commitments to policy changes by various countries.
Beyond Tax Havens: A New Perspective
Garde clarified that the list is more than a mere catalog of tax havens. It’s a reflection of active non-cooperation in tax matters. Some countries, often labeled as tax havens, have avoided the list by pledging to reform their policies.
A Future Shaped by Global Tax Reform
Looking ahead, the EU, along with other jurisdictions, is preparing to implement a 15% global minimum corporate tax from 2024. This initiative aims to ensure that large corporate groups pay a minimum effective tax rate in each country they operate in. Garde anticipates this development to be a key factor in future listing processes, following the implementation of the OECD’s minimum tax agreement’s Pillar Two.
