Today (Tuesday, 18 February), the European Union’s Ministers of Economy and Finance presented the updated list of tax havens, to include also Panama, the Seychelles, the Cayman Islands and Palau, because they do not meet at least one of the European Union’s tax good governance criteria: tax transparency, fair taxation and real economic activity. Sven […]
Tax havens: European finance ministers apply double standards and do not blacklist the US
Today, EU finance ministers removed several third countries from the EU list of non-cooperative countries in tax matters. The US are still not on the EU list of tax havens. Since June 2019, countries that have not signed the OECD (Organisation for Economic Cooperation and Development) agreement on automatic exchange of information must be blacklisted. […]
EU Parliament supports blacklist on money laundering: governments must abandon their blockade
The European Parliament today adopted by a large majority a resolution calling for an urgent introduction of the blacklist of money laundering states. Under pressure from the EU Parliament and the Greens/EFA Group, the EU Commission presented on 13th February a tightened blacklist of 23 high-risk countries for money laundering and terrorism financing. This new […]
Money laundering blacklist must be approved and all country assessments published
On 13 February, the EU Commission presented a new blacklist of 23 high-risk countries for money laundering and terrorist financing. The Commission adopted the list in the form of a Delegated Regulation. The European Parliament and the Council of Member States are given one month for approval of the blacklist, with a possible one-month extension. […]
Tax haven blacklist: Greens/EFA Group calls for transparency
The Greens/EFA group in the European Parliament calls on the Bulgarian Presidency and the chair person of the “Code of Conduct Group” to be more transparent and accountable. In a letter sent today, Thursday, 18th of January, the Greens/EFA group calls on the Council to publish all the commitments of the 55 countries on the […]
Tax havens: EU black list to be created in the dark
The EU’s economic and financial ministers have today agreed on key rules for blacklisting tax havens. The EU list shall only consist of countries outside of the EU and prepare EU sanctions against states with non-cooperative tax practices. MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group commented: “It is good […]