About: tax havens

Economy & Jobs 27-03-2017

Oxfam exposes tax haven habits of big European banks

The 20 biggest banks in the eurozone booked over a quarter of their 2015 profits in tax havens, with Luxembourg and Ireland the favourite destinations, a report by Oxfam said on Monday (27 March). EURACTIV France reports.

Economy & Jobs 21-02-2017

Member states’ broad definition of tax havens raises concerns

EU finance ministers agreed today (21 February) on criteria that will be used to label tax-free jurisdictions as offshore territories, sparking concerns about the negative impact on EU’s future black-list.

Euro & Finance 14-02-2017

Will Switzerland end up on Brussels’ tax havens blacklist?

The ‘No’ vote in the Swiss referendum on tax reform was a big defeat for the government. Pressure from trading partners and big businesses will force Bern to come up with a new proposal, and fast. Euractiv’s partner La Tribune reports.

Euro & Finance 13-02-2017

Swiss voters soundly reject corporate tax overhaul

Swiss voters clearly rejected plans to overhaul the corporate tax system yesterday (12 February), sending the government back to the drawing board as it tries to abolish ultra-low tax rates for thousands of multinational companies without triggering a mass exodus.

Euro & Finance 02-02-2017

Greens slam Commission for blocking Panama Papers probe

MEPs from the Greens/EFA group voiced frustration today (2 February) with being blocked in their investigation of the Panama Papers and on the ways in which money laundering and tax evasion are made possible in the European Union.

Development Policy 14-11-2016

Development NGO: Rich countries gaming tax avoidance blacklist

Europe is pushing new legislation to fight tax avoidance and tax evasion. But these initiatives are not always helpful for developing countries, which are struggling to improve their tax systems, Tove Ryding told EURACTIV.com

Euro & Finance 10-11-2016

Moscovici: Trump’s US could be tax haven blacklisted

EXCLUSIVE / The EU’s tax haven blacklist is taking shape, as the European Commission uses the momentum generated by the LuxLeaks and Panama Papers scandals. Tax Commissioner Pierre Moscovici did not rule out including the United States on the list, in interview with EURACTIV.com.

Euro & Finance 09-11-2016

Member states play politics with tax havens blacklist

The EU's tax haven blacklist is due to be finalised by the end of 2017. But the inclusion of countries with zero tax rates has divided member states. EURACTIV France reports.

Global Europe 13-10-2016

Hollande criticises huge US fines for European companies

French President François Hollande yesterday (12 October) accused the United States of abusing its power by demanding multi-billion dollar fines from European companies, stoking an increasingly bitter trans-Atlantic dispute.

Euro & Finance 22-09-2016

Commission ready to sanction Kroes after missing her confession

The European Commission said there was "scope" to slap sanctions on its former competition policy chief Neelie Kroes, embroiled in the Bahamas Leaks scandal, after taking five days to react to an e-mail where she confessed having transgressed the rules.

Euro & Finance 13-07-2016

Monaco signs up to EU’s tax transparency scheme

The EU has signed a fiscal transparency agreement with Monaco in an attempt to stop Europeans hiding undeclared income in the Mediterranean principality. EURACTIV Spain reports.

Euro & Finance 26-05-2016

Member states fail to reach deal to tackle company tax avoidance

European Union finance ministers failed on Wednesday (25 May) to agree new rules to counter tax avoidance and deferred until June a possible deal on clamping down on schemes by multinational companies to disproportionately reduce tax bills.

Euro & Finance 11-05-2016

Greens/EFA: Blacklist USA as ‘world’s largest tax haven’

It isn't just tropical nations like Panama that act as safe havens for tax avoiders; the US stands accused of the same thing according to a new study by the European Parliament's Green faction. EURACTIV Germany reports.

Malta’s Court of Auditors nominee defends minister exposed in Panama Papers

Leo Brincat, the new Maltese nominee for the European Court of Auditors, whose role is to fight corruption, has helped a cabinet minister exposed in the Panama Papers, to escape a no-confidence motion.

Euro & Finance 27-04-2016

Activist: Panama Papers style tax-dodging costs lives in Africa

Tax evasion by multinational companies, such as that exposed by the Panama Papers, costs African countries up to 60% of the revenue they lose, which has massive implications for development aid, government budgets, and ultimately costs lives, says activist Stella Agara.

Euro & Finance 25-04-2016

Finance ministers give mixed reaction to Commission response to Panama Papers

The release of the Panama Papers has pushed EU finance ministers into stepping up the fight against tax fraud. However, some of the bloc’s financial chiefs have concerns about the Commission’s proposal to publish the tax records of large companies. EURACTIV Germany reports.

Euro & Finance 15-04-2016

EU’s big 5 call to end shell company secrecy

EU’s five leading economies called yesterday (14 April) for a crackdown on tax havens, urging the G20 powers to end the secrecy of shell companies that enables tax evasion and money laundering.

Euro & Finance 13-04-2016

European Parliament vies to lead Panama Papers inquiry

The European Parliament will vote on whether to create a committee of inquiry into the Panama Papers this Thursday (14 April) - and may decide to merge the new body with the special committee on Tax Rulings. EURACTIV France reports.

Global Europe 08-04-2016

Cameron caught in Panama Papers crisis

The storm unleashed by the so-called Panama Papers continued to gather strength, as British Prime Minister David Cameron admitted benefiting from his father's offshore trust.

Sole EU minister named in Panama Papers is Malta’s Konrad Mizzi

Maltese journalists and bloggers have found that the only minister from an EU member state identified in the Panama papers of clients of tax evasion schemes is Malta’s Health and Energy Minister, Konrad Mizzi.

Global Europe 06-04-2016

Iceland PM steps down after Panama Papers tax scandal

Iceland's Prime Minister Sigmundur David Gunnlaugsson became the first major casualty of the Panama Papers revelations, stepping down yesterday (5 April) after leaked files showed his wife owned an offshore firm with big claims on the country's collapsed banks.

Euro & Finance 18-03-2016

NGOs reveal extensive use of tax havens by French banks

The public country-by-country reporting imposed by Paris on France’s big banks has revealed that they channel more than a third of their profits through countries with advantageous tax laws, a group of  NGOs have found. EURACTIV France reports.

Global Europe 03-07-2015

Caribbean countries demand removal from EU tax haven list

The Organization of Eastern Caribbean States said it is determined to have 13 Caribbean countries removed from the European Union's list of 30 international tax havens.

Euro & Finance 10-06-2015

Germany under spotlight in EU-wide corporate taxation probe

After the Luxleaks affair in Luxembourg and a string of investigations into corporate taxation, the European Commission is now zeroing in on German tax authorities to determine whether the country also offers unfair advantages to big business. MEPs are calling for cooperation from German Finance Minister Wolfgang Schäuble. EURACTIV Germany reports.