Turkey to Be Removed From Draft EU Tax Havens Blacklist
- Ankara offered more commitments on tax transparency on Nov. 24
- Blacklist updated on Nov. 27 doesn’t include Turkey anymore
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Turkey is on course to dodge a potential inclusion in the European Union’s list of tax havens, after offering additional clarifications to the bloc in a letter sent on Friday.
Ankara’s commitments are now “addressing all the issues identified,” according to an EU working group document updated on Monday and seen by Bloomberg News. “On the basis of new information provided, experts have concluded that the preferential regime named ‘regional headquarters regime’ is not meeting” the criterion for the inclusion in the list of harmful tax regimes, according to the document discussed at the so-called Code of Conduct group.