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10 October 2019Ecofin has removed Switzerland from the gray list of tax havens. The finance ministers decided today. The gray list of non-cooperative jurisdictions includes states not yet in compliance with OECD standards. Switzerland was removed because it abolished five internal tax regimes disputed by the EU. The Ecofin also decides this morning to remove the United Arab Emirates and the Marshall Islands from the 'black list' (which includes the States that are not up to standard and for now have not made sufficient commitments to do so). The Marshall Islands will be part of the 'gray list'. The gray list also includes Albania, Costa Rica, Serbia and Mauritius.


The United Arab Emirates and the Marshall Islands, the Ecofin indicates, have both approved the reforms necessary to honor the commitments made in order to improve their fiscal framework by the end of 2018, introducing requirements relating to economic activity. effective. As a result, the Emirates 'are now compliant with all tax cooperation commitments and can be removed from the list'. The Marshall Islands will be moved to the EU gray list because the country's commitments on the exchange of information on demand continue to be monitored by the Council Code of Conduct Group pending the results of the review of the global OECD forum on transparency and the exchange of information ". Albania, Costa Rica, Mauritius, Serbia and Switzerland have implemented all the reforms necessary to comply with the principles of good EU fiscal governance in advance of the established deadline. Nine jurisdictions continue to appear on the list of non-cooperative jurisdictions (black lista): American Samoa, Belize, Fiji, Guam, Oman, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu.There are 33 jurisdictions that are part of the gray list.