EU Code of Conduct Group publish work programme

The EU Code of Conduct Group (Business Taxation) (COCG) has published its new work programme  under the French Presidency of the Council of the EU. The Code of Conduct is not a legally binding instrument but rather is a political commitment by member states to re-examine, amend or abolish their existing tax measures that constitute harmful tax competition and to refrain from introducing new ones in the future.

The new work plan outlines that The COCG will continue to monitor third country jurisdictions, with the update by ECOFIN to the EU list of non-cooperative jurisdictions for tax purposes expected in February 2022.

The COCG will work on the coordination of defensive measures towards non-cooperative jurisdictions, the future criterion on the exchange of beneficial ownership information and follow-up actions to the Pandora Papers.

The COCG will also start discussing OECD Pillar 2 minimum taxation proposals on its work.

For more information on the COCG visit their webpage.