Progress has been made in the fight against harmful tax practices, according to a report published on Wednesday 21 June by the Organisation for Economic Co-operation and Development (OECD).
Indeed, jurisdictions are continuing to make progress in implementing the international standard set out in the strategy to combat the erosion of tax bases and profit shifting (BEPS), which refers to tax planning strategies. According to the study, three regimes have been abolished: one in Aruba and two in San Marino. Jordan has modified one of the regimes, which now complies with the standard and is no longer harmful. Finally, in Albania, a regime is currently being modified.
Jordan and Aruba are currently on the European Union’s ‘grey’ list of third countries and jurisdictions committed to good tax governance (see EUROPE 13121/30). Jordan has been singled out for its lack of tax fairness. For its part, Aruba does not meet the criteria for tax transparency in terms of automatic exchange of information. This ‘grey’ list was updated in March and will be updated again in October.
Read the report: https://aeur.eu/f/7nb (Original version in French by Anne Damiani)