European Union may include Turkey in the black list of tax havens

European Union tax heavensThe European Union may include Turkey in the black list of tax havens where companies and private individuals carry out financial activities, avoiding national taxation. According to her sources, the EU’s special working group compiling the blacklist of “non-co-operating jurisdictions” may recommend EU finance ministers to include Turkey at its meeting on December 5.

The EU is convinced that Ankara does not make enough efforts to ensure transparency in the field of taxation.

The countries in the community have not yet decided what measures to adopt in respect of the countries that are blacklisted.

The Working Group examines the compliance of tax rules with more than 90 jurisdictions, according to documents obtained by the agency. Of these, 36 countries can be included in the list, including Armenia, Panama, Serbia and Tunisia.