Denmark Tax Ministry Announces Defensive Tax Measures Against Updated EU List of Non-Cooperative Jurisdictions

The Danish Ministry of Taxation Nov. 8 announced defensive tax measures against the updated EU list of non-cooperative jurisdictions. The announcement includes measures to: 1) disallow deductions for payments made to recipients residing in the non-cooperative jurisdictions of Belize, Seychelles, and Antigua and Barbuda; 2) increase the dividend tax rate to 44 percent for recipients residing in these non-cooperative jurisdictions; 3) remove the Marshall Islands from the blacklist because it implemented all necessary reforms to comply with the EU’s criteria; 4) move the British Virgin Islands and Costa Rica to the watch list from the blacklist; and 5) remove Jordan, ...