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Lack of global stance on tax havens deepens divide
The publication of the list, and the threat of sanctions and losing access to EU programmes, brought a sharp rebuke from the African Caribbean and Pacific (ACP) community, which described it as "unilateral and discriminatory practice" and a breach of the 2000 Cotonou Agreement between the two blocs since signed by 78 ACP countries.
The failure of EU ministers to include any of their own countries linked to the Panama and Paradise Paper, or any of the British Crown Dependencies or Overseas Territories, such as Jersey and Bermuda, has also prompted a backlash from developing countries and transparency NGOs.
In the meantime, a host of European governments are in the process of re-negotiating bilateral corporate tax treaties with developing countries, many of which date back to the transition from colonialism. Regional blocs of developing countries are have started to harden their negotiating stances. In November, the six countries in the East African Community became the latest organisation to agree their own model tax treaty.

The awkward process of legislating recommendations in the "PANA" report --
EP | Wedsday, 13 December 2017 | Results of votes available pp 8-14
3. Draft recommendation following the inquiry on money laundering, tax avoidance and tax evasion  
§ 210, S&D, PPE:amendment 14
Second part `notes that, according to research carried out by the University of Amsterdam, 23 % of all corporate investments that ended up in tax havens passed through the Netherlands; believes that these data are a clear indication that some Member States are facilitating excessive profit-shifting activities at the expense of other Member States;' [ADOPTED]

Third part `calls, therefore, on the Commission to regard Luxembourg, the Netherlands, Ireland and Malta as EU tax havens;' [REJECTED]

Miscellaneous Amendment 21 had been withdrawn.

You also may be interested to review results, part by part, "1. State of play of negotiations with the United Kingdom", Motions for resolutions: B8-0676/2017, B8-0677/2017.

archived: Happy Vanuatu Day!!
a raft of documents addressing tax avoidance and evasion

Diversity is the key to economic and political evolution.

by Cat on Sat Dec 23rd, 2017 at 06:45:41 PM EST
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