EU to draw up tax haven blacklist

Posted on

2nd April 2016 – BBC News

EU nations have agreed to draw up a blacklist of tax havens in the wake of the Panama Papers leaks.

Finance ministers have endorsed the move, which is to be completed by the end of the summer.

The European Commission says nations on the tax blacklist should be sanctioned if appeals for change go unheeded.

However, negotiations on the new common list are expected to be complex and the number of jurisdictions to be included remains unclear.

BBC News Item here



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