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ECOFIN Council adopts revised EU list of non-cooperative tax jurisdictions, discusses business environment for excise goods and digital services tax

At a meeting of the Economic and Financial Affairs Council on 12 March, EU finance ministers adopted a revised EU list of non-cooperative jurisdictions for tax purposes.

date:  14/03/2019

See alsoEconomic and Financial Affairs Council, ...

At a meeting of the Economic and Financial Affairs Council on 12 March, EU finance ministers adopted a revised EU list of non-cooperative jurisdictions for tax purposes. An additional 10 jurisdictions were added to the 5 that were already on the list. The Council also discussed whether to locate InvestEU's investment committee secretariat at the Commission or at the European Investment Bank, without reaching any conclusion. The Commission presented an overview of European Semester country reports, and the in-depth reviews conducted in the framework of the macroeconomic imbalance procedure. The Council also discussed measures to improve the business environment for excise goods, in particular alcohol and alcoholic beverages, by ensuring fair competition and reducing administrative burden for companies. Ministers also noted the progress achieved in negotiations on the digital services tax, on the basis of a new compromise text setting out a scope limited to digital advertising services. Lastly, the Council agreed on implementing VAT rules for e-commerce that were adopted in December 2017 and will come into force in January 2021.