Poland Removes Gibraltar From Tax Blacklist
by Jason Gorringe, Lowtax.net, London
02 June, 2015
Poland has removed Gibraltar from its list of countries it considers are non-cooperative for tax purposes.
The move releases Gibraltar-based companies from previous restrictions. It follows steps taken by the Gibraltar Government to ensure compliance with international standards in the area of tax transparency, including its adoption of the Common Reporting Standard, its signing of tax information exchange agreements, and its entering into Foreign Account Tax Compliance Act (FATCA) arrangements with the United Kingdom and the US.
Poland now joins a number of other countries which have taken similar measures to recognize Gibraltar as an internationally cooperative jurisdiction in the area of tax information exchange. Over the last six months or so, Canada, Estonia, and Italy have also removed Gibraltar from their lists.
Gibraltar also reported that a further two countries have confirmed that they are in the process of internal legislative or parliamentary procedures to remove Gibraltar from their lists of countries with preferential tax regimes or similar schedules that attract countermeasures.
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