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Corporate residence and the economic substance requirements

Andrew Parkes and Zoe Wyatt (Milestone International Tax Partners) examine the measures being taken and how they might be imposed.

The EU issues its orders

Since 2016 the EU Council has quite rightly treated as a priority its fight against tax evasion and money laundering taking in tax avoidance along the way. As part of that fight the EU’s Code of Conduct Group (COCG) on Business Taxation has been looking at various jurisdictions to see how they stand up against the EU’s view on tax transparency fair taxation and compliance with the measures set out in the OECD’s BEPS reports.

The COCG undertook a review of more than 90 jurisdictions to assess their status as non-cooperative jurisdictions and has published various versions of its ‘blacklist’ giving details of jurisdictions that fail to measure up with the latest version being published in November 2018. We believe...

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