• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

After Pandora Papers, EU says it plans new rules against tax avoidance

October 6, 2021 by David Barret Leave a Comment

October 6, 2021

BRUSSELS (Reuters) – The European Commission will present by the end of the year new legislative proposals to tackle tax avoidance and tax evasion, the EU tax commissioner Paolo Gentiloni told the European Parliament on Wednesday.

The tax discussion at the plenary session of the EU parliament was added to the agenda after reports this week on a large leak of tax data, known collectively as the “Pandora Papers”, which showed how the rich and powerful continue to systematically use offshore companies to reduce their tax bills.

Although tax optimisation does not necessarily involve illicit activities, low taxes paid by the rich through the help of tax advisers is increasingly questioned, especially as the world tries to emerge from the economic crisis caused by the COVID-19 pandemic.

Gentiloni told lawmakers that the Commission would continue its fight against tax evasion and avoidance and will propose new rules to expand the information that needs to be automatically exchanged among national tax authorities.

He also said the Commission would present proposals by the end of the year “to tackle the misuse of shell companies for tax purposes”. He did not give details about this proposal, which has long been included in a preliminary agenda of the Commission, with publication pencilled in for Dec. 22.

Gentiloni also said the EU executive would propose new rules “on the publication of effective tax rates paid by some multinationals”.

In response to lawmakers criticising the EU for having shortened to just nine jurisdictions the bloc’s blacklist of tax havens, just days after the Pandora Papers, Gentiloni said the list had achieved results but added that there may be a need to review criteria for listing.

At the moment, the criteria permit the exclusion of nearly all major tax havens, including within the EU.

(Reporting by Francesco Guarascio @fraguarascio; Editing by Alison Williams)

Source Link After Pandora Papers, EU says it plans new rules against tax avoidance

David Barret
David Barret

Related posts:

  1. Kremlin internet crackdown causing major outages as election looms
  2. Tennis – From royalty to PMs, all eyes on Raducanu v Fernandez at U.S. Open final
  3. Amazon is reportedly planning a wall-mounted Echo with a 15-inch display
  4. Hundreds of strikers block road to Rome airport, disrupt flights

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • “I Saved A PNG Image To A Bird”: YouTuber Stores 176KB Drawing Of A Bird Inside A Bird’s Song
  • The Falkland Islands Wolf: The Tragic Tale Of The First Known Canid Humans Drove To Extinction
  • There’s A Forever Chemical That’s In Your Water, Food, And Blood — And Levels Are “Increasing Irreversibly”
  • “World’s Rarest Bear” Captured On Camera In Mongolian Desert – With A Baby!
  • Alligators Eat Rocks For An Incredibly Smart Reason
  • New Study Raises “Disturbing Prospect” About Alien Civilizations Using Dyson Swarms
  • The Khamar-Daban Incident Is So Strange It Is Known As “Buryatia’s Dyatlov Pass”
  • Zebroids, Zeedonks, Zorses, Zonies: Welcome To The World Of Zebra Hybrids
  • How Far Into The Universe Can You See With Your Naked Eye?
  • “Rarest Baryon Decay Ever Observed So Far” Found In Experiment That Wasn’t Even Looking For It
  • Scientists “Read Minds” By Opening The Brain’s “Filing Cabinet” Of Memories
  • 4,000-Year-Old Ancient Egyptian Handprint Discovered On “Soul House” Tomb Offering
  • Dogs Can Smell Parkinson’s Disease Years Before Symptoms Appear With Incredible Accuracy
  • The Longest-Reigning Monarch
  • Adorable Boxer Crabs Filmed “Cloning” Their Living Anemone Gloves For The First Time
  • Watch An Adorable Little Crab Hitch A Ride On A Mosaic Jellyfish Through The Gulf Of Thailand
  • COVID Vaccines Saved An Incredible 2.5 Million Lives In The First 4 Years Of The Pandemic
  • NASA Has Made A Sizable Error In Lunar And Martian Physics, Study Suggests
  • Disappearing Stars In The 1950s Associated With UAPs And Nuclear Weapons Tests
  • These Are The “New Seasons” Scientists Think Are Emerging Because Of Climate Change
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version