The European Commission is to relaunch plans for a Common Consolidated Corporate Tax Base, which will be mandatory for multinational companies operating in the European Union.
The new package will propose introducing the regime in two steps, with the first being a common corporate tax base - a common definition of what counts as taxable corporate profit.
Later the Commission will propose a phased in consolidation, or a sharing out of tax revenues. The Commission said there is strong consensus in favour of the idea that companies should pay tax where they make profits.
The latest EU tax haven blacklist is:
Andorra, Liechtenstein, Guernsey, Monaco, Mauritius, Liberia, Seychelles, Brunei, Hong Kong, Maldives, Cook Islands, Nauru, Niue, Marshall Islands, Vanuatu, Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Grenada, Montserrat, Panama, St Vincent and the Grenadines, St Kitts and Nevis, Turks and Caicos, US Virgin Islands.