European Union:
EU List Of Non-cooperative Tax Jurisdictions Updated
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On 4 October 2022, the EU Finance Ministers decided to add
Anguilla, The Bahamas and Turks and Caicos Islands
to the EU list of non-cooperative jurisdictions for tax
purposes. The update of the list is an important step as
it directly impacts the scope of application of
three different Luxembourg tax measures:
- the measure denying the corporate
income tax deduction of interest and royalty
expenses due to entities located in non-cooperative tax
jurisdictions
- the requirement to disclose transactions with entities
located in non-cooperative jurisdictions
- the mandatory disclosure rules applicable to certain
cross-border arrangements (DAC6)
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