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Europe fights tax evasion

After the revelations of the offshore leaks scandal the EU is ramping up its battle against tax evasion. Luxembourg has eased its banking secrecy, while Austria is still debating the issue. Are tax havens soon to be a thing of the past?

Adevârul - Romania | Friday, 8. November 2013

Romanian red tape encourages tax evasion

Romania is losing 54 million euros daily as a result of tax evasion, figures published by its national statistics agency reveal. The tax office's initiative of sending a circular to 600,000 entrepreneurs at the end of October warning them to declare their taxes correctly will do little to change this, the liberal-conservative daily Adevărul fears: » more

The Irish Times - Ireland | Sunday, 15. September 2013

Ireland must offer more than low taxes

Ireland, the Netherlands and Luxembourg must answer accusations that they have bilateral tax agreements with multinationals before the European Commission, a spokesperson of the Competition Commissioner confirmed on Thursday. The government in Dublin should take this as an opportunity to rethink its industrial strategy, the left-liberal daily The Irish Times urges: » more

Main focus of Wednesday, 19. June 2013

G8 states find common ground

At their summit in Northern Ireland the G8 states have agreed on developing a common set of rules for combating tax dodging and advancing the ... » more

The Irish Times - Ireland | Wednesday, 19. June 2013

No transparency rules without treaties

The proposals of the G8 in the fight against tax avoidance are well-considered, the left-liberal daily The Irish Times writes, and hopes for binding rules: » more

La République des Pyrénées - France | Wednesday, 19. June 2013

Tax resolutions don't go far enough

The G8's declarations of intent on the joint fight against tax avoidance are still too hesitant, the regional daily La République des Pyrenées writes: » more

Main focus of Tuesday, 18. June 2013

G8 targets tax havens

At the G8 summit in Enniskillen in Northern Ireland, the fight against global tax dodging is on the agenda today, Tuesday. A first step in ... » more

La Stampa - Italy | Tuesday, 18. June 2013

A headwind blows against multinationals

If the G8 can set any developments in motion, it's in the area of tax avoidance, the liberal daily La Stampa contends: » more

Irish Examiner - Ireland | Tuesday, 18. June 2013

Global tax reform could harm Ireland

A concerted action against global tax avoidance could put Ireland in a tight spot, the liberal daily Irish Examiner warns: » more

Público - Portugal | Monday, 17. June 2013

Fairness as the top priority

The concessions that Prime Minister David Cameron has secured from the British tax havens ahead of the G8 summit are not enough as far as the liberal daily Público is concerned: » more

Financial Times - United Kingdom | Monday, 17. June 2013

Push through exchange of tax data

An agreement on concrete measures against global tax avoidance is called for at the summit, the liberal business paper The Financial Times writes: » more

Main focus of Thursday, 23. May 2013

EU to tackle banking secrecy

The EU member states want to agree by the end of the year on an automatic exchange of banking data starting 2015. This decision was ... » more

Il Sole 24 Ore - Italy | Thursday, 23. May 2013

Path opened for recovery

The summit hasn't finished the task in hand but at least it's made a start, the liberal business daily Il Sole 24 Ore comments: » more

Jyllands-Posten - Denmark | Thursday, 23. May 2013

Lacking EU harmonisation promotes tax dodging

EU Council President Herman Van Rompuy has stressed at the Brussels summit that harmonising taxation in Europe is not on the agenda. This is the reason why the leaders of the states are taking a particularly demonstrative stance against tax dodging, the liberal-conservative daily Jyllands-Posten admonishes: » more

Adevârul - Romania | Thursday, 23. May 2013

Let each person decide where to pay taxes

The automatic exchange of bank data would curtail the freedom of account holders, the journalist Diana Rusu argues on the blog portal of the liberal-conservative daily Adevărul: » more

Wiener Zeitung - Austria | Wednesday, 22. May 2013

EU tax policy halfhearted

Austria and Luxembourg have prevented a quick solution on the automatic exchange of bank data from being reached at the EU Summit. And while corporate ... » more

Main focus of Wednesday, 22. May 2013

EU debates tax dodging

The joint fight against tax avoidance and evasion is the main topic at the EU summit taking place this Wednesday in Brussels. However a concrete ... » more

De Volkskrant - Netherlands | Wednesday, 22. May 2013

Europe's reluctant fight

There are more than enough arguments for plugging up the tax loopholes used above all by multinational companies, the left-liberal daily De Volkskrant argues, while remaining doubtful that Europe's politicians will really take any action: » more

Diário de Notícias - Portugal | Wednesday, 22. May 2013

EU and US could be pioneers

Europe's course of action in the fight against tax avoidance has so far been unambitious, the liberal-conservative daily Diário de Notícias contends, calling on the EU member states to finally follow up words with deeds at their summit in Brussels today, Wednesday: » more

Hospodárske noviny - Slovakia | Wednesday, 22. May 2013

High time for fight against tax dodgers

If at their summit in Brussels the EU leaders get serious about their fight against tax evasion they could open up new instruments to combat the crisis, the liberal business daily Hospodářské noviny writes hopefully: » more

Libération - France | Wednesday, 22. May 2013

Tax avoidance is a global affliction

Close cooperation is needed to fight tax avoidance not just in Europe but around the world, the left-liberal daily Libération demands: » more

The Times - United Kingdom | Thursday, 16. May 2013

Google must pay full taxes

A British parliamentary committee on Thursday questioned Google's head of operations in Northern Europe, Matt Brittin, regarding the company's controversial tax-avoidance strategies. Other international companies are also facing accusations of bamboozling tax authorities. The conservative daily The Times calls for new rules in the fight against international tax avoidance: » more

Der Standard - Austria | Wednesday, 15. May 2013

Half-hearted EU agreement in tax row

The EU finance ministers on Tuesday gave the European Commission the mandate to initiate negotiations for new tax agreements with five non-member states. Austria was the last to give up its resistance to the idea. The left-liberal daily Der Standard says the results of the meeting don't go far enough: » more

The Irish Times - Ireland | Tuesday, 14. May 2013

Ireland must say no to tax avoidance

The EU finance ministers will discuss new measures against tax evasion and tax avoidance in Brussels today, Tuesday. The left-liberal daily Irish Times sees the current Irish EU presidency in a delicate situation: » more

De Tijd - Belgium | Tuesday, 7. May 2013

No deals with tax dodgers

In Belgium the judiciary and tax authorities are on the point of reaching a compromise settlement with diamond traders who have avoided paying millions of euros in taxes for years on end. It's estimated that the deal will bring the treasury roughly 160 million euros. Such deals are dangerous, the liberal business paper De Tijd warns: » more

Neue Zürcher Zeitung - Switzerland | Friday, 3. May 2013

London eases banking secrecy to no avail

Britain declared on Thursday that seven of its offshore financial centres including Bermuda and the Cayman Islands will participate in the automatic information exchange (AIE) of bank account data. The data is to be made available to France, Germany, Italy and Spain. The measure sounds powerful but won't necessarily be effective, the liberal-conservative daily Neue Zürcher Zeitung writes: » more

Les Echos - France | Monday, 22. April 2013

The G20 join fight against tax fraud

At the G20 summit in Washington, the finance ministers have spoken out in favour of an automatic exchange of information between their countries' banks. The liberal business paper Les Echos is happy with the direction things are taking: » more

Der Standard - Austria | Thursday, 18. April 2013

Tax haven Austria all on its own

After the government of Luxembourg decided last week to introduce the automatic exchange of information on foreign account holders, Austria is now the last country not to apply this method of fighting tax evasion. The Austrian government has failed to come up with a sensible strategy, the left-liberal daily Der Standard writes: » more

NRC Handelsblad - Netherlands | Wednesday, 17. April 2013

Royal family shouldn't play tricks with taxes

The Dutch royal family has placed some of its assets with foundations in order to avoid paying inheritance tax. Although this is not against the law it is still not acceptable, the liberal daily NRC Handelsblad admonishes: » more

Le Temps - Switzerland | Tuesday, 16. April 2013

Asset disclosure only promotes populism

In the aftermath of the Cahuzac affair, France's Socialist government published data on the assets of all its ministers on its website on Monday. The effect of this measure will soon blow over, leaving behind a political minefield, the liberal-conservative daily Le Temps writes: » more

Hämeen Sanomat - Finland | Monday, 15. April 2013

EU finally begins fight against tax fraud

The EU finance ministers announced at their summit in Dublin that they would take swift action against tax fraud. The liberal daily Hämeen Sanomat welcomes the initiative but anticipates counter-measures on the part of companies: » more

De Standaard - Belgium | Friday, 12. April 2013

Fight against tax evasion is a double chance

Before the ministerial meeting today in Dublin, the finance ministers of France, the UK, Italy, Spain and Germany have announced their intention to extend the automatic exchange of information regarding income on investments beyond what is stipulated in the EU directive on taxation of savings income. The EU finance ministers should strike while the iron is hot and put an end to tax evasion, the liberal daily De Standaard writes: » more

Luxemburger Wort - Luxembourg | Thursday, 11. April 2013

Offensive after Offshore Leaks

By ending bank secrecy the government of Luxembourg is making the best of a bad situation after the past week's revelations on tax havens, the conservative daily Luxemburger Wort writes: » more

Il Sole 24 Ore - Italy | Thursday, 11. April 2013

Monsieur Juncker capitulates

No matter how often Prime Minister Juncker repeats that bank secrecy won't end 'overnight', Luxembourg has undoubtedly changed its course radically and capitulated, the liberal-conservative business daily Il Sole 24 Ore writes mockingly: » more

Wirtschaftswoche - Germany | Thursday, 11. April 2013

Luxembourg wants to be a legal tax haven

Luxembourg has bowed to pressure on the automatic exchange of information but otherwise aims to be a legally compliant tax haven, the liberal weekly Wirtschaftswoche observes: » more

Le Monde - France | Wednesday, 10. April 2013

Media must protect offshore leaks sources

France's new Budget Minister Bernard Cazeneuve demanded on Tuesday that the media involved in the offshore leaks should submit their documentation to the authorities. This attempt contravenes more than just the journalistic principle of source protection, writes the left-liberal daily Le Monde, which took part in the revelations on tax evasion: » more

Der Standard - Austria | Wednesday, 10. April 2013

Banking secrecy just folklore

Following hot on Luxembourg's heels, Austria on Tuesday also declared its willingness  to negotiate the scrapping of banking secrecy with the EU. The new regulations would however only apply to the bank accounts of foreign investors, the government explained. This strategy aimed purely at winning votes is nonsense, the left-liberal daily Der Standard criticises: » more

Neue Zürcher Zeitung - Switzerland | Tuesday, 9. April 2013

Offshore Leaks better than Wikileaks

The International Consortium of Investigative Journalists network, which passed on sensitive data about offshore tax evasion to the press, is committed to the responsible handling of information. The liberal conservative Neue Zürcher Zeitung praises its approach: » more

Tages-Anzeiger - Switzerland | Saturday, 6. April 2013

Offshore leaks points the way for media

The relevations on offshore accounts made public on Thursday are the fruit of lengthy research made possible by help from the Center for Public Integrity (CPI) in Washington and financed through foundations, the liberal daily Tages-Anzeiger stresses, recognising a model for the future: » more

Les Echos - France | Friday, 5. April 2013

Confidence at stake in France

The tax fraud affair involving former budget minister Jérôme Cahuzac could bring France's entire development to a halt, the liberal daily Les Echos fears: » more

Ilkka - Finland | Friday, 5. April 2013

Tax sinners bear partial blame for debt crisis

When companies sidestep governments and transfer their money abroad legally, the principle of fiscal justice is violated, the liberal daily Ilkka admonishes and calls for tax loopholes to be closed as quickly as possible: » more

Die Presse - Austria | Friday, 5. April 2013

Politicians not interested in transparency

The politicians have the means to take effective action against tax evasion but they hesitate to do so for the sake of their own interests, the liberal-conservative daily Die Presse criticises: » more

De Morgen - Belgium | Friday, 5. April 2013

Greed of the rich kills solidarity

According to the offshore leaks, roughly 130,000 wealthy peole have around 25 trillion euros stashed away in tax havens. Governments are now called upon to act, the left-liberal daily De Morgen writes: » more


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