EU Reporter
Published 4 months ago
MEPs adopted a resolution setting out changes to be made to the system used to draw up the EU list of tax havens, which they deem is currently “confusing and ineffective”.
The EU’s list of tax havens, set up in 2017, has had a “positive impact” so far but has failed to “live up to its full potential, [with] jurisdictions currently on the list covering less than 2% of worldwide tax revenue losses”, MEPs said. In the resolution prepared by the Subcommittee on Tax Matters and adopted by the Economic and Monetary Affairs Committee on Thursday 43 votes in favour, 6 against and 5 abstentions, MEPs go on to call the current system “confusing and ineffective”.
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