EU tax haven blacklist planned
The EU’s tax commissioner has called on the bloc’s governments to be ambitious when they decide on a common blacklist of tax havens next week and said European funding to countries on the list should be frozen.
In the wake of disclosures of offshore tax avoidance schemes by corporations and wealthy individuals, EU states launched a process to list tax havens to try to discourage setting up shell structures abroad which are in many cases legal but could hide illicit activities.
