Socialists, leftists concerned about tax paradises

The Progressive Alliance of Socialists and Democrats (SD) group in the European Parliament is calling on European Union governments to unblock major EU decision on VAT reforms, corporate tax transparency and on a common consolidated tax basis for multinationals. The move follows the November 5 massive disclosure by the International Consortium of Investigative Journalism (ICIJ) of the so-called Paradise Papers about tax-evasion schemes on a global scale.

“After the LuxLeaks and Panama Papers revelations we get yet another profound insight into the parallel cosmos of tax avoidance, with its own laws for the benefit of a few and to the detriment of many,” said SD Group spokesperson on the Panama Papers committee Peter Simon.

According to Simon, legislative proposals in the fight against tax avoidance, for more transparency and for closing tax loopholes have been tabled for quite some time now and are supported by the Socialists Democrats.

“But member

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