About: tax evasion
World’s 26 richest own as much as 3.8 billion poorest: Oxfam
Billionaire fortunes increased by 12% a day in 2018, while the 3.8 billion poorest people saw their wealth decline by 11% a day, according to a report released by Oxfam to mark the opening of the World Economic Forum (WEF) in Davos.
New controversy hits Spanish PM Sánchez’s bumpy start
Beloved in Brussels, on the ropes in Madrid, the Spanish socialist government faced this week one more scandal after it was reported that star minister and former astronaut Pedro Duque used a legal entity to pay lower his tax bill.
Third of EU financial secrecy comes from inside its borders, report finds
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).OpinionPromoted content
Role of investment hubs in global FDI flows: unknown, unloved?
On May 22, the Investment Facilitation Forum (IFF) holds an event that seeks to clarify the role of investment hubs and explore how their activities are linked to the EU tax agenda, financial regulation and the assistance to developing countries. Ahead of the event, the IFF president shares his view on the importance of distinguishing between investment hubs and tax havens.
Campaigners hail ‘significant’ UK move on tax havens
Britain's historic decision to compel its overseas territories to identify the owners of registered companies marks a "significant" moment in the global crackdown on dirty money, campaigners said Wednesday (2 May).
EU clamps down on letter box firms’ tax avoidance, social dumping
The European Commission on Wednesday (25 April) proposed new rules to clamp down on firms that relocate within the EU for the purpose of cutting their tax bills, setting up mere letter box companies.
EU now better prepared to tackle tax evasion
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.
No more excuses: The EIB needs a responsible policy against tax abuses
The EIB is a public institution and supports projects in the name of EU policies. Therefore it is high time for the EU bank to ask for more than what commercial banks do for the sake of justice and broader public interest, write Xavier Sol andAntonio Tricarico.
‘Secret’ tax deals with multinationals soar despite scandals
Despite the uproar following the publication of ‘sweetheart’ deals signed between member states and corporations, countries signed 2053 ‘secret’ unilateral tax agreements with companies in 2016, an increase of 64% compared to the previous year.
Moscovici: ‘The credibility of the EU tax haven black list is at stake’
The EU Commissioner for Economic Affairs Pierre Moscovici is determined to table a digital tax proposal at EU level, despite warnings from the OECD. In an exclusive interview with EURACTIV, he also warns EU countries for failing to publish the commitments made by tax havens to exit the EU’s ‘black list’.
Extreme wealth continues to grow in 2017
According to an Oxfam report, 2017 registered a record high of millionaires, with a new millionaire every two days - a trend largely supported by tax evasion practices. EURACTIV.fr reports.
Lack of global stance on tax havens deepens divide
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.
Oxfam challenges EU by publishing alternative tax haven list
A week before the Commission is expected to adopt a blacklist of tax havens, anti-poverty organisation Oxfam threw down the gauntlet by publishing its own list of 35 countries, which includes four EU member states and four EU hopefuls from the Western Balkans.
Paradise Papers highlight the link between grand-scale corruption and poverty
To truly crack down on corruption and end poverty, European governments must make corporate secrecy a thing of the past, and that starts at home, writes Tutu Alicante.
EU tax havens blacklist seen in December, but enforcement unclear
European Union finance ministers called on Tuesday (7 November) for a blacklist of tax havens to be drawn up for approval next month as part of kick back against what it sees as tax dodging by the rich and famous.
EU denounces ‘shocking’ Paradise Papers revelations
The European Union on Monday (6 November) denounced the "shocking" revelations on the way top companies and dignitaries, including Britain's Queen Elizabeth II, avoid taxes using offshore wealth hubs.
‘Paradise Papers’ embarrass US trade chief, Queen Elizabeth, and counting
The International Consortium of Investigative Journalists on Sunday (5 November) released The Paradise Papers, a global investigation that reveals the offshore activities of some of the world’s most powerful people and companies.
Commission launches probe into UK tax exemption for multinationals
The European Commission decided on Thursday (26 October) to open an in-depth investigation into the UK exemptions granted to multinationals to protect them from tax avoidance rules.
Cross-border mobility of companies: ‘Real seat’ vs ‘incorporation’
EU member states have adopted contrasting approaches to the cross-border mobility of companies, with some insisting on “real” economic activity and others happy to consider the legally-registered office instead. How the EU eventually decides could have important implications, writes Corrado Malberti.
EU eyes corporate rules shake-up with law on seat transfer
The European Commission is preparing a new directive on the cross-border transfer of company seats, a move that could have far-reaching implications for other areas of corporate governance, including tax planning and cross-border mergers, EURACTIV has learned.
Development efforts are frustrated by tax evasion
Each year, tax evasion causes developing countries to lose more than the total amount of aid they receive. EURACTIV France reports.
The Netherlands: Europe’s under-the-radar tax haven
Dutch NGO Somo has been blowing the whistle on the Netherlands’ tax practices since 1973. So far, to little effect. The founding member of the European Union was still the world’s third-ranked tax haven in 2016. EURACTIV’s partner Ouest-France reports.
MEPs pass new rules to tackle multinationals’ tax avoidance
The European Parliament on Tuesday (4 July) voted to oblige multinationals to publish details of their activities on a country-by-country basis, even outside the EU. The measure is designed to help the poorest countries fight tax evasion. EURACTIV France reports.