On 24 February, the Council of the EU added Russia, Bermuda, Israel and BVI to Annex II of its list of non-cooperative jurisdictions for tax purposes (its ‘grey list’). Annex II includes jurisdictions which remain subject to monitoring while they are executing on these commitments to tax policy reform. Russia’s inclusion relates to its rules for ‘International Holding Companies’ (Special Administrative Regions), which the EU Code of Conduct Group (Business Taxation) has previously determined to be harmful.
On 24 February, the Council of the EU added Russia, Bermuda, Israel and BVI to Annex II of its list of non-cooperative jurisdictions for tax purposes (its ‘grey list’). Annex II includes jurisdictions which remain subject to monitoring while they are executing on these commitments to tax policy reform. Russia’s inclusion relates to its rules for ‘International Holding Companies’ (Special Administrative Regions), which the EU Code of Conduct Group (Business Taxation) has previously determined to be harmful.
