On 14 February 2023, EU Member States agreed on the latest update the EU list of non-cooperative tax jurisdictions.
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tax evasion
Call for proposals to manage and lead the EU Tax Observatory
The European Commission is publishing a call for proposals to enhance the involvement of civil society in the advocacy, design and implementation of EU actions to combat tax evasion, tax avoidance and aggressive tax planning and to promote fair taxation
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ECOFIN: Member States update EU list of non-cooperative tax jurisdictions
On 4 October 2022, EU Member States added three jurisdictions – Anguilla, Bahamas and Turks and Caicos – to the EU list of non-cooperative jurisdictions for tax purposes.
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State tax authorities step up tax enforcement efforts in support of ‘Freeze and Seize’ Task Force
The Commission and Member State tax authorities have set up a subgroup on tax enforcement in the ‘Freeze and Seize’ Task Force steered by Commissioner Reynders to step up their efforts against sanctioned Russians and Belarusians individuals and companies, as well as their associates
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EC: Fight against tax fraud and tax evasion: a new EU campaign
A new EU campaign against tax fraud and tax evasion has just been launched by the European Commission.
A video is available in 23 EU languages on the new web page, along with key information on the problem and the actions being taken.
The fight against tax fraud and tax evasion is on the agenda of the G20 Summit of 5-6 September.
See the EU statements and documents and President Barroso’s statement.
WHAT DOES IT MEAN?
Tax fraud is a form of deliberate evasion of tax which is generally punishable under criminal law. The term includes situations in which deliberately false statements are submitted or fake documents are produced.
Tax evasion generally comprises illegal arrangements where tax liability is hidden or ignored, i.e. the taxpayer pays less tax than he/she is supposed to pay under the law by hiding income or information from the tax authorities.
Tax avoidance is defined as acting within the law, sometimes at the edge of legality, to minimise or eliminate tax that would otherwise be legally owed. It often involves exploiting the strict letter of the law, loopholes and mismatches to obtain a tax advantage that was not originally intended by the legislation.