EU launches fresh Paradise Papers inquiry

The special committee has provisionally been called Taxe 3 and follows the Pana inquiry which looked into tax affairs uncovered by the Panama Papers.

In a wide ranging tax remit, Taxe 3 will look at:

  • the progress by member states to remove practices that allow tax avoidance and/or tax evasion and that are harmful for proper functioning of the single market;
  • how EU VAT rules were circumvented in the framework of the Paradise Papers and to evaluate more in general the impact of VAT fraud and administrative cooperation rules in the EU;
  • assessing national schemes providing tax privileges for new residents or foreign income (such as citizenship programmes); and,
  • assessing the impact of the EU non-cooperation blacklist.

The 45 member committee will spend 12 months considering the Paradise Papers leak, which is simultaneously

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