About: tax havens

Economy & Jobs 24-09-2018

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).
Economy & Jobs 11-06-2018

Tax evasion deprives the EU of 20% of corporate taxes

Economists consider, based on tax havens’ statistics such as Bermuda or Ireland, that 40% of multinational companies' profits avoid taxation. The EU would thus be deprived of a fifth of its income from companies. EURACTIV.fr reports.
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Global Europe 18-05-2018

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.
Economy & Jobs 03-05-2018

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).
Economy & Jobs 06-04-2018

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.
Digital 06-02-2018

Ireland’s concerns over EU digital tax ‘gaining wider support’

Ireland’s concerns over how the European Union should proceed with taxing large digital businesses are shared by a growing number of countries, Finance Minister Paschal Donohoe said on Monday (5 February).

Swiss see no quick deal on new EU treaty

Switzerland will not meet the European Commission's deadline for a deal in the early part of this year on a new treaty that would bind the neutral country more closely to its biggest trading partner, new Swiss Foreign Minister Ignazio Cassis said.
Economy & Jobs 24-01-2018

Uproar over removal of Panama and seven others from EU tax haven blacklist

European Union finance ministers agreed on Tuesday (23 January) to remove eight jurisdictions, including much-criticised Panama, from the bloc’s blacklist of tax havens, one month after the list was set up. The decision prompted an outcry from lawmakers and activists.
Economy & Jobs 08-12-2017

MEPs try to add EU member states to the blacklist of tax havens

Socialists (S&D) want to add the Netherlands, Ireland, Luxembourg and Malta to the blacklist of tax havens in the EU during a vote on the report of the committee of inquiry on tax evasion next Tuesday (12 December). EURACTIV France reports.
Global Europe 06-12-2017

EU adopts list of 17 tax havens, Panama first to protest

The EU finance ministers adopted yesterday (5 December) a list of “non-cooperative tax jurisdictions”, which is another way to label tax havens.
Competition 05-12-2017

Ireland makes U-turn, says will collect €13 billion back taxes from Apple

The Irish government has reached an agreement with Apple to start collecting the €13 billion owed by the tech giant, it announced on Monday (4 December).
Global Europe 28-11-2017

Turkish opposition leader dangles documents of Erdoğan family off-shore accounts

Kemal Kılıçdaroğlu, the leader of Turkey’s main opposition party CHP (the Republican People’s Party, of social-democratic ideology), accused on Tuesday (28 November) the relatives of the country’s President Recep Tayyip Erdoğan of having off-shore accounts.

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.
Economy & Jobs 08-11-2017

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.
Economy & Jobs 21-06-2017

Commission moves to tighten tax evasion rules

The European Commission took a further step in fighting cross-border tax evasion on Wednesday (21 June) by proposing tougher new rules for financial intermediaries who design and promote tax planning schemes for their clients.
Economy & Jobs 14-06-2017

European Parliament on the fence over tax transparency for multinationals

After a vote on Monday (12 June) by MEPs, European multinationals will be obliged publish details of their activities in every country where they operate. But a number of exemptions could weaken the tax transparency system. EURACTIV France reports.
Economy & Jobs 09-06-2017

Multinationals should say what they pay

From an investor’s perspective, planned transparency is far preferable to surprise leaks or investigations into corporate tax avoidance strategies which lead to reputational risk and government crackdown, writes Morris Pearl.
Elections 02-05-2017

Snap elections over Panama Papers scandal shake up Malta’s EU presidency

Malta's Prime Minister Joseph Muscat yesterday (1 May) called a snap general election for 3 June, bowing to pressure over his family being embroiled in the Panama Papers scandal. Malta is holding the rotating presidency of the EU until 1 July when Estonia will take over.
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.