EP committee wants EU tax police and AML watchdog – In

Parliament’s special tax committee on Wednesday adopted a detailed roadmap towards fairer and more effective taxation, and tackling financial crimes.

A special European Parliament tax committee is proposing the establishment of an EU financial police force to combat tax evasion.

It also names Cyprus among seven EU countries which display traits of a tax haven and facilitate aggressive tax planning and says that golden passports are problematic and should be phased out.

The recommendations adopted by the Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) range from overhauling the system for dealing with financial crimes, tax evasion and tax avoidance, notably by thoroughly improving cooperation in all areas between the multitude of authorities involved, to setting up new bodies at the EU and global level.

The numerous findings and recommendations include: