Cayman: Financial Services Ministry Delegation meets EU Stakeholders ieyenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ieyenews.com Daily Mail and Mail on Sunday newspapers.
Exchanging policy updates on anti-money laundering (AML), tax cooperation and industry sectors, while also forging deeper, proactive engagement with European st
Cayman: Financial Services Ministry Delegation meets EU Stakeholders ieyenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ieyenews.com Daily Mail and Mail on Sunday newspapers.
Tax rates mapped (Image: Express)
The EU list of tax havens was introduced in 2017 with the intention of putting an end to tax havens around the world and imposing sanctions on them to stop the loss of tax revenues.
However, currently, it covers barely two per cent of corporate tax avoidance worldwide.
Most recently, the European Parliament had called for stricter criteria for the list as well as a consistent and transparent listing process.
The EU list of tax havens is the result of a review and dialogue process of the Code of Conduct Group on Business Taxation in the European Council with third countries.
‘Toothless EU savaged by MEP for lacking guts as Turkey accused of being tax haven Ciaran McGrath
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Sven Giegold was speaking as the permanent representatives of the EU member states geared up to announce the EU s updated list of tax havens tomorrow. Turkey - led by President Recep Tayyip Erdogan - is almost certain to be put on further deferral until the end of June 2021 to implement measures for greater tax transparency - a move which Green MEP Mr Giegold regards as an abdication of the bloc s responsibility to its 450 million citizens.
He said: Turkey belongs on the European list of tax havens. The deferral for Turkey is an invitation to evade taxes.