Paul Tang

Press release - EU tax haven blacklist is not catching the worst offenders

Retrieved on: 
Friday, January 22, 2021
Articles, Economy, International taxation, Tax avoidance, Corporate tax avoidance, Tax evasion, Global issues, Tax haven, Tax, Paul Tang

MEPs propose changes that would make the process of listing or delisting a country more transparent, consistent and impartial.

Key Points: 
  • MEPs propose changes that would make the process of listing or delisting a country more transparent, consistent and impartial.
  • Criteria should be added to ensure that more countries are considered a tax haven and to prevent countries from being removed from the blacklist too hastily, they say.
  • EU member states should also be screened to see if they display any characteristics of a tax haven, and those falling foul should be regarded as tax havens too (PARA 9).
  • QuoteAfter the vote, the Chair of the Subcommittee on Tax Matters, Paul Tang(S&D, NL) said:By calling the EU list of tax havens confusing and inefficient, the Parliament tells it like it is.