“The Pandora Papers must be a wake-up call for EU finance ministers. Unfortunately, a grotesque picture is emerging at the meeting of EU finance ministers: while journalists publish the biggest tax leak ever, EU finance ministers are weakening their list of tax havens. In view of flourishing tax havens, it is absurd that the finance ministers are shortening the tax haven list. The EU list of tax havens is hardly any good in the fight against tax evasion. The list is piecemeal, with a number of important tax havens missing. The PandoraPapers show that billionaires and powerful people use many tax havens that are not on the EU list. Two-thirds of the shell companies in the Pandora files are in the British Virgin Islands, which are missing from the EU tax haven list.”
04 Oct 2021
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