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24 January 2018 Panama removed from EU list of non-cooperative jurisdictions for tax purposes On 23 January 2018, the European Union (EU) removed Panama from its black list, along with seven other jurisdictions.1 The Council of the European Union (the Council) previously included Panama on the list of "Uncooperative jurisdictions for tax purposes" because Panama failed the fair taxation criteria. According to the list, Panama has a harmful preferential tax regime and did not clearly commit to amending or abolishing the regime by 31 December 2018.2 According to official statements from Panama, its inclusion resulted from the EU's evaluation of the Panamanian Call Centers regime, which was considered to have harmful tax features.3 The Council removed Panama from the list as a result of a proposal made by the Code of Conduct Group, which was adopted by EU finance ministers during their monthly meeting in Brussels. The proposal was based on commitment letters made by the de-listed jurisdictions, which have not been made public. 2. See EY Global Tax Alert, Panama included in EU list of uncooperative jurisdictions for tax purposes, dated 13 December 2017.
Document ID: 2018-5188 |
