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Corporate tax rates set to hit zero by mid-century as European governments lead “race to the bottom”
European governments are leading a race to the bottom which will see average global corporate tax rates hit zero by 2052, according to new findings released today [December 4]. An analysis of the EU and Norway shows 12 governments have either just cut ...
Eurodad | 04 Dec 2017
news
European Parliament proposes new tax transparency rules for large multinationals, but dangerous loophole remains
The European Parliament voted today to strengthen rules on tax transparency for multinational corporations, but included a significant loophole which could undermine the efforts to stop multinational corporations from hiding profits in tax havens. While ...
Eurodad | 04 Jul 2017
news
Tax justice campaigners say European Commission plans to crack down on offshore tax avoidance don’t go far enough.
Reacting to today’s European Commission proposals on new transparency rules for tax planning intermediaries, Eurodad welcomed the proposals but said they still leave a lot to be desired. “We agree with the European Commission that we need transparency ...
Tove Ryding | 21 Jun 2017
news
European Parliament Committees vote in favour of new tax transparency rules for large multinationals, but a dangerous loophole remains
Brussels, June 12 2017. This evening [Monday June 12], two committees of the European Parliament voted on new tax transparency requirements for multinational corporations. While the outcome would strengthen the text proposed by the European Commission, ...
Tove Ryding | 12 Jun 2017

blog
Why a free press is vital for exposing financial injustice.

Martin Atkin

03 May 2017 09:13:38

As Antoine Deltour and Raphaël Halet - better known as the Luxleaks whistleblowers - prepare for the next legal battle to clear their names, it’s worth remembering that it was only thanks to the much-vilified “mainstream media” that the tax avoidance scandal was exposed. Leaked documents do not make a story by themselves - it also takes independent, determined journalism. The two former PwC employees are appealing against revised sentences handed down by a Luxembourg court for their part in exposing how multinational corporations used secret tax deals with the Grand Duchy to dodge taxes around the world. Although the court reduced their original punishments, the pair are fighting to clear their names altogether. But the whistleblowers deserve praise – not punishment. They were prosecuted ...
news
Eurodad produces two briefings on Development Finance Institutions and tax transparency
Eurodad has produced two briefings, one on Development Finance Institutions (DFIs) and public country by country reporting (CBCR), the other on DFIs and public disclosure of beneficial ownership (BO). The briefings put forward general recommendations ...
Mathieu Vervynckt | 16 Jun 2016

blog
The false EU promise of listing tax havens

Lotta Staffans

27 May 2016 10:55:29

This week, European Union finance ministers agreed to establish a common EU blacklist of so-called “non-cooperative jurisdictions” – in other words, tax havens. With one tax scandal unfolding after the other, listing and sanctioning tax havens may seem like a good solution. However, as tempting as it may sound, this EU exercise is doomed to fail – and here’s why. The proposal for a common blacklist stems from the European Commission’s external strategy on tax, which was published this January. However, tax havens are not an external matter to the EU, quite the contrary – some of the world’s most powerful tax havens are to be found in Europe. For example, a new report from Oxfam uses European Commission (EC) data to analyse the role of the Netherlands as ...
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