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Getting the EU response to the tax dodging scandal right

Christian Hallum

27 Mar 2015 14:44:34

A little over a week ago, the European Commission presented its “Tax Transparency Package”. Looking ahead, much still needs to be done to address Europe’s role in supporting an unjust global tax system. This blog looks at some of the lessons of the past and recommendations for the EU in the year ahead in terms of achieving tax justice. For many, the secret world of tax rulings for transnational corporations only became obvious in November 2014, when the International Consortium of Investigative Journalists (ICIJ) leaked more than 500 rulings from Luxembourg. The rulings showed that multinational companies – many of them household brand names – had received extremely favourable tax deals that had reduced their tax rates to next to nothing.  A law professor described these tax ...
Five take-aways for Europe from the African Union’s High-Level report on illicit financial flows Last Saturday a landmark decision was taken when the African Union, made up of 54 African Heads of State, adopted the report of the High Level Panel ...

Ending corporate secrecy: within our reach but slipping away

Christian Hallum

13 Nov 2014 15:20:34

Hidden Profits – a new report coordinated by Eurodad – exposes the policies that keep transnational companies’ profits untaxed. Coming hot on the heels of the recent leak from Luxembourg exposing corporate tax deals, the report finds that an important part of the tax dodging scandal is corporate secrecy. The report recommends a public register of beneficial owners as a key solution. The EU can make this happen in its review of its Anti-Money Laundering Directive, but urgent action is needed to counterbalance resistance to this idea. Last week’s leak from Luxembourg – quickly dubbed ‘Lux Leaks’ – shone some rare light into the secret world of how transnational companies get away with dodging their tax bills. Transnational companies have saved billions of dollars in taxes by ...
Tax was one of the key issues tackled when Commissioner candidates faced MEP questioning in the European Parliament over the past two weeks. Junker’s lineup of candidates were being grilled on their policies – and every other imaginable issue ...