Moscovici: EU Spearheading Tax 'Revolution'
by Ulrika Lomas, Tax-News.com, Brussels
16 November 2016
Tax Commissioner Pierre Moscovici says the European Commission has achieved something of a "tax transparency revolution" in its fight against tax avoidance and evasion.
Moscovici this week gave the keynote speech at the 2016 Summit on the Future of Europe at Harvard University. He told the event that the Commission has been emboldened by the events surrounding the Luxleaks, Panama Papers, and Bahamas Leaks, and is now making EU member states "face up to their responsibilities."
Looking forward, he said: "Banking secrecy will soon disappear in Europe and companies will no longer be able to play with borders to get away with paying little or no tax. In addition, the Commission is planning to publish a 'black list' of tax havens, as 'naming and shaming' is [a] powerful tool – one we must stand ready to use."
Moscovici added that the EU "must integrate issues of stronger tax governance into its negotiations with non-cooperative territories."
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- I.T. is IT! »
- What Is a Registered Agent, and Why You Need a Registered Agent for Your Business? »
- Spring Cleaning? »
- Brexit and Covid and Tax, Oh My! »
- Why is the Hong Kong startup ecosystem growing rapidly? »
- Happy Holidays? »
- COVID Continues To Capture Headlines »
- Taxing The Zeroes And Ones »
- Value Added News... »
- Form a Wyoming Corporation - Guide »