On Friday 12 December, the Council of the EU adopted the conclusions on the progress achieved by the Code of Conduct Group in the field of business taxation.
It asked them to regularly review international developments related to beneficial ownership and, once progress is possible, to continue efforts to incorporate beneficial ownership as a fourth transparency criterion.
It also asked them to continue working on appropriate selection indicators for future modifications to the geographical scope of the revised EU ‘black list’ of uncooperative jurisdictions for tax purposes, which is updated twice a year (see EUROPE 13728/17). The EU Council also encouraged the European Commission to maintain an effective dialogue with the countries and territories and to continue monitoring and screening them in order to help support their compliance with the EU listing criteria and fulfil their commitments in accordance with the agreed deadlines.
Read the conclusions: https://aeur.eu/f/jzu (Original version in French by Anne Damiani)