DD Support Board and Research Team

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EU Urged To Name European States In Tax Haven ‘Blacklist’

https://www.icij.org/investigations/paradise-papers/eu-encouraged-name-european-states-tax-haven-blacklist/

Thirty-five countries should be named and shamed on the European Union’s upcoming list of countries that facilitate tax avoidance and evasion, according to a new report by nonprofit Oxfam.

The EU brought forward discussions on a “blacklist” of tax havens after the Paradise Papers revelations. The list is expected to be published on December 5.

“It’s time that we agree and publish a blacklist on tax havens,” EU tax commissioner Pierre Moscovici said in the days following the release of the Paradise Papers. While European countries currently adopt their own list of tax havens, officials believe an EU-wide list could have greater force in discouraging tax avoidance.

Oxfam’s proposed list of tax havens includes familiar names such as Jersey, Switzerland and Mauritius as well as less familiar names such as Albania, Serbia and Oman.

The proposed list is based on a combination of a country’s tax transparency, its tax rate and its participation in global anti-tax avoidance agreements.
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https://www.icij.org/investigations/paradise-papers/eu-encouraged-name-european-states-tax-haven-blacklist/