EIB Group Policy towards weakly regulated, non-transparent and non-cooperative jurisdictions and tax good governance

In view of developments in the area of taxation (including the OECD Base Erosion and Profit Shifting project and the European Union Anti-Tax Avoidance Package), since the beginning of 2017 the European Investment Bank Group ("EIB Group") has taken additional measures to enhance its procedures and practices aimed at avoiding EIB Group operations being misused for tax fraud, tax evasion, tax avoidance, aggressive tax planning, money laundering and financing of terrorism purposes.

Taking note of the EU legal and policy framework as well as the EU listing process and most recent tax and anti-money laundering and countering the financing of terrorism (“AML-CFT”) developments, the EIB Group has updated its policies and the EIF Board adopted on 13 March 2019 the revised EIB Group Policy Towards Weakly Regulated, Non-transparent and Non-Cooperative Jurisdictions and Tax Good Governance (“EIB Group NCJ Policy”).

The publication is also available on the EIB website in French and German on the following webpage: https://www.eib.org/en/publications/eib-policy-towards-weakly-regulated-non-transparent-and-uncooperative-jurisdictions.