EU Seeks to Fill Tax-Avoidance Gaps in Wake of Panama Leaks
- Commission aims to complete tax-haven list by next year
- Tax-abuse fight should be intensified, EU’s Moscovici says
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The European Union, faced with mounting anti-establishment furor from populist parties across the region, is speeding up efforts to thwart tax dodging after the Panama Papers leaks and wants its blacklist of tax havens ready next year.
“The recent leaks exposed loopholes that still allow tax evaders to hide funds offshore,” European Economic Affairs Commissioner Pierre Moscovici said in a statement in Strasbourg, France on Tuesday. “Our measures to stamp out tax abuse must be intensified.”