Call for Europe to widen tax haven net to include EU culprits
Further pressure .. I suppose it all chips away at our one trick pony. And thats the issue? We have no new tricks to teach the pony?The EU is coming under mounting pressure to include countries within the bloc in its global crackdown on tax havens.
In the European Parliament, the Socialists and Democrats group has tabled an amendment demanding that Luxembourg, the Netherlands, Ireland and Malta all EU members should be written into the EU tax haven list.
Richard Murphy of Tax Research told Arab News: There is plenty of evidence to suggest there are companies in those countries that have no economic substance and are established for tax purposes only.
He added: If we want to fight tax avoidance credibly on a global stage, we must also put our own house in order. Why should we care less about states inside of our union that have turned stealing our taxes into their business model? The UAE, Bahrain and Tunisia were among 17 countries named as facing sanctions following the EU probe. But critics have said the list is undermined by being too selective and turning a blind eye to a number of other countries that should also have been penalized.