US Treasury Secretary Janet Yellen urged Paschal Donohoe, the finance minister of Ireland, to take a "once in a generation opportunity" for a global deal that would stop a race to the bottom on corporate tax rates, the Treasury said.
European Union government and parliament negotiators reached a deal on rules that will force large multinational companies to disclose how much revenue and tax they pay and how much in countries considered tax havens by the EU.
Since the LuxLeaks scandal, the fair taxation agenda has made some headway. But resistance from member states has also blocked many measures during the Juncker Commission mandate. EURACTIV France reports. What conclusions can be drawn from the Juncker Commission’s fair...
People or firms in the European Union that wish to keep their financial affairs secret more often find the services they require inside the EU than in one of the tax havens blacklisted by the bloc, the Tax Justice Network (TJN) said on Sunday (23 September).
Two years after the Panama Papers scandal revealed the scope of tax haven activities, the EU has adopted new legislation and is now better prepared to tackle tax evasion and fraud. EURACTIV’s partner Euroefe reports.
The EU’s ‘black’ and ‘greylist’ of tax havens earlier this month (5 December) may have been an attempt by finance ministers to prove their toughness in clamping down on tax evasion and avoidance, but to many it merely increased the international community’s divide on tax.