Belgium: EU to draft tax haven blacklist following 'Paradise Papers' leak

The European Union announced their intentions to create a tax haven 'blacklist' during a press conference at EU headquarters in Brussels on Tuesday, following widespread multinational and celebrity tax leaks in the 'Paradise Papers'. Acting Minister of Finance in the European Union Toomas Toniste stated that, «Today we have heard an overview of the preparations of a list of countries that do not... Еще cooperate sufficiently on tax issues.» European Commission Vice-President, Valdis Dombrovskis, explained, «our proposal for public country-by-country reporting should significantly increase tax transparency and shine a spotlight on big corporations that embrace aggressive tax planning». Released on 5 November 2017, the 'Paradise Papers' detailed thousands of worldwide multi-national companies and individuals who diverted money to 19 tax havens across the world avoiding and undercutting their respective national tax rates. Apple, Nike and Facebook were some of the companies whose financial dealings were detailed in the report, released by various journalists acquired from law firm 'Appleby'.

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