Tags: APFN | EU | Europe | Tax Havens

EU Targets 20 Nations for Helping Tax Avoidance

EU Targets 20 Nations for Helping Tax Avoidance

Tuesday, 05 December 2017 05:55 AM EST

BRUSSELS (AP) — The European Union is considering putting 20 nations on a blacklist of countries it deems guilty of unfairly offering tax avoidance schemes.

EU Taxation Commissioner Pierre Moscovici says ahead of Tuesday's meeting of EU finance ministers that the nations being considered had refused to cooperate and change their way "despite ten months of dialogue."

The issue came again to the fore earlier this year when reports dubbed Paradise Papers showed how the rich and famous stash their wealth in shell companies in small nations to avoid paying taxes at home.

High-tax countries like France have pushed for the blacklist and a Europe-wide crackdown on tax havens. Lower-tax countries like Ireland and the Netherlands argue that will hurt Europe's competitiveness.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Union is considering putting 20 nations on a blacklist of countries it deems guilty of unfairly offering tax avoidance schemes.EU Taxation Commissioner Pierre Moscovici says ahead of Tuesday's meeting of EU finance ministers that the nations being considered...
APFN,EU,Europe,Tax Havens
121
2017-55-05
Tuesday, 05 December 2017 05:55 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved