Tax Evasion

It is, however, a long way from initial statements made by Cecilia Malmstrom, who as the home affairs commissioner in 2013, said that the executive had no intention to float a bill. Then in 2014, media outlets throughout Europe uncovered how Luxembourg became the go-to country for corporate tax evasion. The scandal was leaked to […]

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European Union flag The European Union (EU) should have bloc-wide rules to protect whistleblowers, including protections against being dismissed or detained for uncovering illegal activities, the European Commission proposed on Monday. The proposal, which has yet to be approved by member states and EU lawmakers, comes in response to recent scandals where whistleblowers released sensitive […]

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Members of the European Parliament have voted in favour of EU anti-money laundering reforms, which will include closer regulation for cryptocurrencies, by 574 votes to 13 votes, with 60 abstentions, according to an EUP press release April 19. The agreement, known colloquially as “5AMLD,” is the fifth update to the EU’s anti-money laundering directive. It […]

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European Commissioner Věra Jourová © Dutch Government/Martijn Beekman The EU has welcomed the adoption of a new directive aimed at combating money-laundering and terrorist financing in Europe. The need to combat money-laundering and terrorist financing was raised by the European Commission in 2016, in the wake of a number of acts of terrorism across the […]

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Marking six months since the murder of Maltese journalist Daphne Caruana Galizia, an international consortium of journalists has started publishing further revelations aimed at uncovering the truth about her assassination and making sure her investigations live on. The publication of a first wave of stories by 18 media partners, including the Guardian, the New York […]

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MOSCOW – The Kremlin’s annual list of Russian officials’ earnings has provided an outline of the richest names in government, even as the true wealth of many big-hitters remains opaque. Russian President Vladimir Putin’s officially declared income was a relatively modest 18.7 million rubles ($302,000, 242,000 euros) in 2017 Anomalous results include a senator whose […]

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Football can be a force for good and democratisation but it can also shelter some of the worst aspects of society, like corruption and money laundering to mask illegal activities, warns MEP Stelios Kouloglou. Stelios Kouloglou is a writer and has been an MEP since 2015 (GUE/NGL). He is the founder and former director of […]

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analysis By Marcena Hunter The release of the Paradise Papers last year and the Panama Papers in 2016 revealed the role tax havens play in facilitating tax avoidance, tax evasion and illicit financial flows. The Panama Papers showed dealings associated with tax evasion and illicit dealings, while the transactions uncovered by the Paradise Papers involved […]

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analysis By Marcena Hunter The release of the Paradise Papers last year and the Panama Papers in 2016 revealed the role tax havens play in facilitating tax avoidance, tax evasion and illicit financial flows. The Panama Papers showed dealings associated with tax evasion and illicit dealings, while the transactions uncovered by the Paradise Papers involved […]

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Mike Dailly Solicitor advocate Mike Dailly calls on lawyers to stop acting for SLPs that ignore transparency rules. When the Panama Papers scandal broke two years ago, few would have thought such murkiness would wash up on the shores of Scotland. The use and abuse of shell companies to facilitate massive tax evasion, money laundering and […]

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First published by ISS Today The release of the Paradise Papers last year and the Panama Papers in 2016 revealed the role tax havens play in facilitating tax avoidance,taxevasionand illicit financial flows. The Panama Papers showed dealings associated with tax evasion and illicit dealings, while the transactions uncovered by the Paradise Papers involved largely tax […]

Responding to public and media pressure brought on by the so-called Panama and Paradise papers exposés, the European Union has been compiling, tweaking and talking for months about its “blacklist” of “non-compliant” jurisdictions. On 5 December, it published a working list of some 17 jurisdictions, which by 13 March, amid much public discussion and media […]

Two years after the Panama Papers scandal revealed the scope of tax haven activities, the EU has adopted new legislation and is now better prepared to tackle tax evasion and fraud. EURACTIV’s partner Euroefe reports. On April 3, 2016, an important number of documents from the Panama-based law firm Mossack Fonseca were leaked, revealing the existence of 214,000 offshore companies operating […]