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European Union heads “Revolution” of taxes

European Union heads “Revolution” of taxes European Union building

The tax commissioner Pierre Moscovitchi says that the European commission something reached in fight “revolution of tax transparency” against prevention and avoidance of taxes.

This week Moscovici gave a keynote speech at a conference in 2016 on the future of Europe at Harvard University. He said that the event, which the Commission approved the events surrounding Luxleaks, Panama Papers, and the Bahamas Leaks, is now forcing EU members “to perform their duties.”

He told with hope: “The bank secrecy will disappear in Europe soon, and the companies won’t have any more an opportunity to play with borders it isn’t enough to pay a tax or in general not to pay it. Besides, the Commission plans to publish “black list” of the tax havens as ‘naming and shaming’ is a powerful tool which we shall be ready to use.

Moscovici said that the EU “should unite the problem of a stronger tax administration into negotiations with uncooperative territories.”

Author: Olena Kutova
senior lawyer of the Finance Business Service company
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