Diritto ed Economia dell'ImpresaISSN 2499-3158
G. Giappichelli Editore

15/03/2018 - Tackling tax evasion: Parliament adopts recommendations by inquiry committee

argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: tax evasion - panama papers

MEPs have adopted recommendations by the inquiry committee looking into the Panama papers. Its report says that some EU countries have not done enough to tackle tax evasion. The inquiry committee was established after the release of the Panama papers in order to assess how transparent the EU Member States were on taxation matters. One of the committeès conclusions is that EU Countries need to do more to crack down on tax evasion, tax avoidance and money laundering. Furthermore, the committee also insists on the fact that the EU should take the lead in the global fight against tax evasion, tax avoidance and money laundering. In addition, EU Countries should exchange more information on tax payers and the ultimate owners of companies (as they can often be registered under another name), while tax authorities should be given additional resources. The Parliament has a history of investigating revelations about dubious tax schemes, such as Lux leaks, and will continue its fight for a transparent tax system. Parliament is also considering setting up another inquiry committee to look into the Paradise papers as well as setting up a permanent committee after the European elections in 2019.