Tax Evasion

New analysis by the Reuters Institute names Malta as one of 15 countries where there was backlash after media reports on the Panama Papers. The report states that Malta is among countries like Finland, Russia, Venezuela, China and Slovakia, which are recorded by the media organization to have experienced some form of backlash against media […]

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The rising menace of illicit financial flows, IFFs, otherwise known as ‘dirty money’ in the continent of Africa, was one of the hotly debated issues at a week-long conference in Kigali, Rwanda, where speakers after speakers attempted a prognosis of the crisis vis-à-vis its debilitating ills just as they sought a call to action aimed […]

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Since the LuxLeaks scandal, the fair taxation agenda has made some headway. But resistance from member states has also blocked many measures during the Juncker Commission mandate. EURACTIV France reports. What conclusions can be drawn from the Juncker Commission’s fair taxation agenda? At a time when the ‘yellow vests’ are protesting in France against the injustice […]

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A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) for encouraging customers to commit tax fraud, a record in France where public opinion has grown vocal for crackdowns on tax dodging. Lawyers for the bank, which was convicted of illegally soliciting rich clients abroad and helping them to hide […]

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The “naming and shaming” of countries into better tax policies comes only days after a money-laundering blacklist by the EU was torpedoed by the bloc’s own member governments, after a draft included Saudi Arabia (Emmanuel DUNAND) Brussels (AFP) – The European Union expanded its tax haven blacklist to 15 countries on Tuesday, adding the United […]

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Wolf Klinz (via Wikimedia Commons) A German member of the European Parliament (MEP), Wolf Klinz, who brought to the European Commission evidence of possible fraudulent activity at the Freeport Luxembourg, says that the commission has met his allegations with “condescension and dismissal.” On February 28, 2019, an investigation by the commission declared that Freeport Luxembourg has […]

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The European Union expanded its tax haven blacklist by 10 countries on Tuesday, adding the United Arab Emirates and Bermuda despite the objections of powerful member states such as Italy. Seven countries are to be moved back from a grey list because reform commitments had not been met. These are Aruba, Belize, Bermuda, Fiji, Oman, […]

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