Arab Today, arab today eu ministers propose urgent measures after panama scandal
Last Updated : GMT 14:02:48
Arab Today, arab today
Arab Today, arab today

EU ministers propose 'urgent' measures after Panama scandal

Arab Today, arab today

Arab Today, arab today EU ministers propose 'urgent' measures after Panama scandal

Mossack Fonseca is the law firm at the heart of the Panama Papers scandal
Amsterdam - AFP

EU finance ministers endorsed a series of measures on Saturday to fight tax evading methods used by Europeans exposed by the Panama Papers scandal.

"The sense of urgency is definitely much bigger," said Jeroen Dijsselbloem, the finance minister from the Netherlands that holds the EU's rotating presidency, on the second day of talks in Amsterdam.

"We've been (so) very busy competing with each other ... that big companies tend not to pay taxes," said Dijsselbloem who is also head of the Eurogroup of eurozone finance ministers.

The EU's 28 member governments at "very committed to close the gaps", he added.

Among the measures, the EU will propose a joint list of tax havens to expose jurisdictions used by European individuals and companies to evade or minimise taxes.

"There is unanimous support that Europe create its own list of tax havens by this summer," said European Economic Affairs Commissioner Pierre Moscovici.

This could prove difficult however, with EU countries already having individual lists based on highly different criteria.

The ministers also backed a proposal by the EU's top powers to automatically exchange data in order to expose the real owners of shell companies.
Britain, France, Germany, Italy and Spain unveiled the measure at G20 talks in Washington last week.

"There is an assumed and converging willingness to fight any anonymous mechanisms" that aid tax evasion and money laundering, said French Finance Minister Michel Sapin.

The EU member countries will also launch talks next week on new rules requiring big companies operating in Europe to make public what they earn in each member state of the 28-nation bloc, Dijsselbloem said.

Country-by-country reporting has for years been a major demand of tax activists who accuse big corporations of secretly shifting profits to low-tax jurisdictions, often through the use of shell companies.

EU governments are divided on the proposal, with some arguing that sensitive corporate data should remain exclusive to tax authorities and not made public.

"I think we should not overshoot in tackling these things out of the hysteria on Panama," said Austrian Finance Minister Hans Joerg Schelling.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu ministers propose urgent measures after panama scandal Arab Today, arab today eu ministers propose urgent measures after panama scandal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu ministers propose urgent measures after panama scandal Arab Today, arab today eu ministers propose urgent measures after panama scandal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday