Tags: APFN | EU | Paradise Papers | Europe

EU Hopes Leaks Lead to Europe-wide Deal against Tax Havens

EU Hopes Leaks Lead to Europe-wide Deal against Tax Havens

Tuesday, 07 November 2017 09:38 AM EST

BRUSSELS (AP) — EU finance chiefs are working on a blacklist of uncooperative tax havens amid growing public concern about widespread tax dodging by multinationals and the wealthy.

But finance ministers meeting in Brussels remain divided over how and where to tax online companies that operate across the European Union.

European Commission Vice President Valdis Dombrovskis said Tuesday the ministers are preparing a blacklist of non-European tax havens and pushed for sanctions to ensure it's "credible and meaningful."

He also expressed hope that the "Paradise Papers" leaks revealing investments in tax havens "will create new political momentum" toward an agreement on online sales tax.

High-tax countries like France have pushed for the blacklist and a Europe-wide crackdown on tax havens. Lower-tax countries like Ireland and the Netherlands argue that will hurt Europe's competitiveness.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
EU finance chiefs are working on a blacklist of uncooperative tax havens amid growing public concern about widespread tax dodging by multinationals and the wealthy.But finance ministers meeting in Brussels remain divided over how and where to tax online companies that...
APFN,EU,Paradise Papers,Europe
132
2017-38-07
Tuesday, 07 November 2017 09:38 AM
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