The Netherlands government has released a full analysis on its published ‘blacklist’ of 16 low-tax jurisdictions from the Dutch Ministry of Finance before the start of the new financial year. The list is a result of new regulations by the EU Anti-Tax Avoidance Directive on the taxation of controlled foreign companies (CFCs) in EU member states, activated for future tax years from January 1st 2019.
The blacklisted countries now have a higher rate of taxation on undistributed passive income sourced from a controlled foreign company in the following countries (as well as five others on the EU list of non-cooperative jurisdictions):
The Cayman Islands.
The Isle of Man.
Turks & Caicos Islands.