MEPs demand stronger rules against tax evasion

Both points have met resistance from EU states who have argued that revealing people involved in trusts may violate privacy and data protection rules. They say that anyone who wants to access such information must demonstrate a “legitimate interest”.

The latest vote on the EU’s anti-money laundering directive is part of an ongoing saga following its initial adoption in 2015, later revised in 2016 by the EU commission.

The 2016 reforms have yet to reach a final agreement as the EU parliament now prepares to launch inter-institutional talks with member states and the EU commission next month.

MEPs are hoping governments will agree to set up public registries of beneficial owners of companies and trusts, accessible by anyone.

They may find some allies in Austria, who last December was reported by Bloomberg BNA to support “full public access”.

Political pressure also appears to be on the side of the EU parliament, following the Panama

... read more at: https://euobserver.com/economic/137054

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