About: tax evasion
London at heart of global tax-dodging network: NGO
Campaigners are calling on the government in London to take tougher action against tax havens, after the Pandora Papers shone a light on British overseas territories in a global tax-dodging network.
State Department says US is reviewing findings from Pandora Papers
The United States is reviewing findings of leaked financial documents known as the Pandora Papers, but is not in a position to comment on specifics, State Department spokesman Ned Price said on Monday (4 October).
Leaders deny wrongdoing under the ‘Pandora Papers’ revelations
World leaders were on the defensive on Monday (4 October) after the release of millions of documents detailing how heads of state use offshore tax havens to stash assets worth hundreds of millions of dollars.
EU reaches deal on tax transparency for multinational firms
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.
‘OpenLux’ showed need for tougher enforcement of EU tax rules, says Gentiloni
The "OpenLux" investigation showed a need to better implement European Union tax rules and to strengthen tax-related disclosures by companies, a top EU official said on Wednesday (10 March).
UAE now among world’s top ten tax havens
The UAE has entered the world's top ten tax havens for the first time, research showed Tuesday (9 March), in a report flagging OECD nations and their dependencies for more than two-thirds of "global corporate tax abuse".
Global agreement on corporate tax rates needed, UN report states
The international community should agree on the establishment of a global minimum corporate tax rate, according to a new UN report published on Thursday. The proposal is part of a package of reforms to combat tax evasion and money laundering and ensure that cash strapped governments can boost their public finances in the wake of the COVID-19 pandemic.
Tax subcommittee chair: Donohoe is not ideal candidate to lead Eurogroup
Paul Tang has been elected chair of the new permanent tax subcommittee the European Parliament has created. In an interview with EURACTIV, the Socialist MEP said one of his key goals is to "crack down on tax avoidance", and he therefore wants to strengthen ties with national parliaments and get them involved in the fight against fiscal dumping in the EU.
Africa loses $89 billion a year to illicit capital flight, UN report finds
African countries lose an estimated $88.6 billion each year, equivalent to 3.7% of the continent’s economic output, in illicit capital flight, according to the UN Economic Development in Africa Report 2020 published on Monday (28 September).
Pope says Italy tax dodgers bear partial blame for virus health care crisis
Pope Francis has put a further spotlight on the Italian health services' struggle to cope with the coronavirus outbreak, by backing a prominent journalist's complaint that tax dodgers were partly to blame.
Tax policy expert: Closing the tax gap can drive political change
Harmonisation of tax rates across the EU should be conducted cautiously, leaving member states the flexibility of setting rates in order not to jeopardise a healthy competition at the national level, says Grzegorz Poniatowski from the Polish think-tank Centre for Economic and Social Research.
Google agrees on $1 billion tax settlement with France
US internet giant Google has agreed a settlement totalling $1 billion to end a tax dispute in France under an agreement announced in court on Thursday (12 September).
Voting record of the far-right in EU Parliament contradicts rhetoric – report
The voting record of 11 far-right parties in the European Parliament demonstrates their affinities with the interests of large corporations and financial institutions, rather than the interests of people they claim to defend. EURACTIV France reports.
EU tells Britain to reclaim illegal tax breaks offered to multinationals
A preferential UK tax scheme designed to attract multinational companies partially violated EU state aid rules, the European Commission concluded on Tuesday (2 April), calling on British authorities to recover the undue tax breaks, only a few days away from Brexit.
EU Parliament condemns insufficient measures against tax evasion and fraud
The European Parliament approved a report during its plenary session requesting EU institutions and member states to adopt measures against money laundering, fiscal fraud and tax evasion, EURACTIV's media partner Euroefe reports.
EU tax haven blacklist triples to include 15 countries
EU finance ministers approved on Tuesday (12 March) the addition of 10 more countries to the EU's blacklist of tax havens, which currently includes only five jurisdictions and aims to help prevent tax fraud or 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.