Turkey avoided the European Union’s list of non-cooperative jurisdictions for tax purposes after promising to become more transparent, Portugal’s finance minister said.
Turkey is presently greylisted by the EU as having made insufficient progress on exchange of tax information with EU countries, but is not designated as non-cooperative. The EU previously gave Turkey until the end of 2020 to meet transparency and information exchange standards.
- “We were able to make progress” on cooperation with Turkey, so it wasn’t included on the list, said Portuguese Finance Minister Joao Leao. Portugal currently chairs the Council of the EU.
- Finance ministers were ...