Panama was included on the revised European Union (EU) list of non-cooperative jurisdictions for tax purposes, which the Council of the European Union (the Council) adopted on 18 February 2020.
Methodology used by the Code of Conduct Group
The Code of Conduct Group (COCG) issues the list of non-cooperative jurisdictions as part of its on-going monitoring process. That process includes:
1. Monitoring commitments made, as well as changes to legislation
2. Updating its screening criteria as intern…