Semeta Says EU Should Step Up Efforts Against Tax Havens

European Union Tax Commissioner Algirdas Semeta said the bloc needs “to go further” in fighting tax havens and “aggressive” tax planning so that businesses and companies pay what they owe.

“We need to leverage the economic and political muscle of the union to ensure that we defend ourselves against non- cooperative jurisdictions and others that do not play fair,” Semeta said today in remarks to the European Parliament. EU nations need to work together to limit fraud and tax evasion, he said.

To contact the reporter on this story: Rebecca Christie in Brussels at rchristie4@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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