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The Council found Liechtenstein and Peru compliant with all its commitments on tax cooperation. It also agreed to remove Palau from the EU’s list of non-cooperative tax jurisdictions.

Liechtenstein and Peru have completed the necessary reforms to comply with all the tax good governance principles identified at EU level and set out in the conclusions adopted by the Council in December 2017. As a consequence, the two countries will be removed from annex II of the conclusions.

At the same time, Palau has made commitments at a high political level to remedy EU concerns. EU experts have assessed those commitments. As a consequence, Palau was moved from annex I of the conclusions to annex II, which includes jurisdictions that have undertaken sufficient commitments to reform their tax policies. Implementation of its commitments will be carefully monitored by the Council working group responsible for the listing process (‘code of conduct group’).

Six jurisdictions remain on the list of non-cooperative jurisdictions: American Samoa, Guam, Namibia, Samoa, Trinidad and Tobago and the US Virgin Islands.

The EU’s list, contained in annex I of the Council conclusions of December 2017, is contributing to on-going efforts to prevent tax avoidance and promote good governance worldwide.