The EU wants to hit tax evaders and tax havens “portfolio”

Photo: Emmanuel Dunand Agence France-Presse
“We are not looking at isolated incidents, but to practices that are systemic, global, and organized”, emphasized the european commissioner for Taxation, Pierre Moscovici.

Strasbourg — The european commissioner for taxation, Pierre Moscovici promised Tuesday to hit to the portfolio tax evaders and tax havens, during a debate on the revelations of the Paradise Papers at the european Parliament in Strasbourg.

 

“You have to hit the portfolio tax evaders and tax havens to move the lines,” said Mr. Moscovici, “deeply outraged” by the revelations. “Citizens would not understand our inaction after the new warning shot-that is, the Paradise Papers “, he said in the face of the meps, who have for some requested the EU to act in a credible manner, and / or further action.

 

The commissioner has called on member States to adopt “as soon as the next Council of Finance ministers, on 5 December,” a black list of tax havens with sanctions against the countries which make up. He also requested that be adopted in the next six months, a proposed directive at the end of June, which would mean bankers, lawyers and other consultants to declare to the tax authorities the tax optimization schemes that they offer to their clients fortunate, and, under penalty of sanctions. “It is a simple question of political will,” said Mr Moscovici.

 

He hoped finally to the implementation in 2018 of a tax base for the european corporate tax base (Ccctb), which aims in particular to establish uniform rules of calculation of profits for large multinational groups.

 

“We are not looking at isolated incidents, but to practices that are systemic, global and organised,” said Mr. Moscovici. The beneficiaries of the montages of tax optimisation “are a bit like vampires, they fear nothing so much as the light,” he concluded.

 

Made available to the public since 5 November, the leaks on the circuits, global tax optimization, known as the Paradise Papers, are the results of an investigation by the international Consortium of investigative journalists (ICIJ), which includes 96 media from 67 countries. Apple, Nike, Bono, Shakira or the billionaire Bernard Arnault are part of personalities and large groups pinned.

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