EU Announces Sanctions For "Blacklisted" Countries

The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions.

The Commission has published guidelines which set out the applicable legislation on how EU funds should be treated when it comes to tax avoidance and non-cooperative jurisdictions. The guidelines are intended to ensure that the rules are interpreted and applied consistently.

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By Lomas, Ulrika, posted on Thursday March 29, 2018
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