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Saturday, April 23, 2016

Anti-tax avoidance measures approved by EU finance ministers

EU finance ministers have approved a series of measures to tackle tax evading methods used by Europeans that were exposed by the 'Panama Papers '

The 28 EU member states are “very committed to close the gaps,” added Jeroen Dijsselbloem, the Netherlands finance minister  and  the president of the Eurogroup of eurozone finance ministers.


Among the measures, the EU will propose a joint list of tax havens to expose jurisdictions used by European individuals and companies to evade or minimise tax.

Pierre Moscovici, the European economic affairs commissioner, said: “There is unanimous support that Europe create its own list of tax havens by this summer.”

EU countries already have individual lists based on differing criteria, which could make drawing up a unified register difficult.

The ministers also supported a proposal to automatically exchange data in order to expose the real owners of shell companies

 

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