European Union removes Vietnam from non-cooperative tax jurisdiction list
What happened
The Council of the European Union decided to remove Vietnam from its list of non-cooperative jurisdictions for tax purposes. A spokeswoman for the Ministry of Foreign Affairs stated that Vietnam welcomes the decision, noting it recognizes the country’s recent efforts to refine its legal and policy framework and improve enforcement.
From vietnamnews.vn
Why it matters
Vietnam stated that the move helps safeguard the lawful rights and interests of businesses and investors. The country also noted that the decision promotes international economic cooperation and raises the economy’s competitiveness.
From vietnamnews.vn
Who's involved
- Council of the European UnionAdopted the decision to remove Vietnam from the non-cooperative tax list.
- VietnamWelcomed the decision and stated its efforts to improve tax transparency.
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The entities involved
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Montenegro
country in southeastern Europe
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Council of the European Union
institution of the European Union representing the member states' governments bringing together national ministers from each EU country to adopt laws and coordinate policies
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Panama
sovereign state in Central America
- El Nino has caused a series of interconnected crises since August 1st, including reduced shipping through the Panama Canal, a state of emergency in Peru, and severe droughts in Honduras and El Salvador.
- Panama is reported to be avoiding regional crises, with Miguel Bolinaga serving as president of AES Panama.