eus moscovici slams ireland netherlands as tax black holes
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

EU's Moscovici slams Ireland, Netherlands as tax 'black holes

Egypt Today, egypt today

Egypt Today, egypt today EU's Moscovici slams Ireland, Netherlands as tax 'black holes

Commissioner Pierre Moscovici
Brussels - Egypt Today

A top EU official on Thursday accused several European countries, including Ireland and the Netherlands, of being tax policy "black holes" and promised to pressure them to change their ways.

"Obviously many countries in the European Union are places where aggressive tax optimisation finds its place," EU Economic Affairs Commissioner Pierre Moscovici told reporters in Brussels.

"Some European countries are black holes (...) I want to address this," he added.

Former French finance minister Moscovici spoke ahead of an EU finance ministers meeting in which the bloc was expected to whittle down a month-old blacklist of non-EU tax havens from 17 countries to nine.

When the list was announced in December, NGO Oxfam said four European countries -- Ireland, Luxembourg, Malta and the Netherlands -- deserved to be on the list if the EU's criteria were being faithfully applied.

Moscovici denied this, but added: "If you realise that the tax flows go to this or that country: Ireland, the Netherlands, Luxembourg, Malta, Cyprus (...), let's talk about how to solve things."

These countries often serve as EU headquarters for global multinationals, offering complicated tax schemes that help companies -- such as Google, Apple or Facebook -- to shift profits and avoid big tax bills.

But instead of expanding their list, the 28 EU finance ministers meeting on Tuesday are expected to absolve eight countries - including Panama and South Korea.

They will now go to a so-called "grey list", jurisdictions that have made unspecified commitments to the EU on reforming their tax laws.

Moscovici warned against breaking citizens trust and called on ministers to make public any commitments made, repeating similar pleas in European Parliament.

"We cannot accept that member states are secretly negotiating exemptions for tax haven nations that have fallen in favour," said French MEP Eva Joly of the Greens party, a major advocate of fair tax policy.

The grey list, which currently includes 47 countries, will be complemented by the eight struck from the blacklist, including the United Arab Emirates, Tunisia, Mongolia, Macao, Grenada and Barbados.

Source:AFP

egypttoday
egypttoday

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*

eus moscovici slams ireland netherlands as tax black holes eus moscovici slams ireland netherlands as tax black holes



GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 10:27 2017 Saturday ,06 May

Lions roar to seventh

GMT 09:51 2017 Saturday ,03 June

Nour finished filming her scenes in “Jackpot”

GMT 06:40 2018 Sunday ,02 December

Teenage quick Shaheen Afridi set for Test baptism

GMT 13:27 2018 Wednesday ,14 November

Haifa Wehbe to perform at Dubai’s Gotha Club

GMT 08:24 2018 Thursday ,25 October

Barca cruise past Inter without Messi

GMT 13:28 2018 Wednesday ,26 September

Free car repairs on Abu Dhabi roads

GMT 14:18 2018 Tuesday ,16 January

Giggs set to be named as Wales boss

GMT 12:01 2016 Saturday ,30 July

Atletico sign Kevin Gameiro from Sevilla

GMT 21:55 2017 Monday ,21 August

Sisi greets Afghanistan on Independence Day

GMT 11:49 2017 Thursday ,26 October

Mariam underlines tourism in India

GMT 10:33 2017 Friday ,15 December

ppage: PSG coach Emery's house robbed
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday