eus moscovici slams ireland netherlands as tax black holes
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Pierre Moscovici
london - Emirates voice

A top EU official on Thursday accused several European countries, including Ireland and the Netherlands, of being tax policy "black holes" and promised to pressure them to change their ways.

"Obviously many countries in the European Union are places where aggressive tax optimisation finds its place," EU Economic Affairs Commissioner Pierre Moscovici told reporters in Brussels.

"Some European countries are black holes (...) I want to address this," he added.

Former French finance minister Moscovici spoke ahead of an EU finance ministers meeting in which the bloc was expected to whittle down a month-old blacklist of non-EU tax havens from 17 countries to nine.

When the list was announced in December, NGO Oxfam said four European countries -- Ireland, Luxembourg, Malta and the Netherlands -- deserved to be on the list if the EU's criteria were being faithfully applied.

Moscovici denied this, but added: "If you realise that the tax flows go to this or that country: Ireland, the Netherlands, Luxembourg, Malta, Cyprus (...), let's talk about how to solve things."

These countries often serve as EU headquarters for global multinationals, offering complicated tax schemes that help companies -- such as Google, Apple or Facebook -- to shift profits and avoid big tax bills.

But instead of expanding their list, the 28 EU finance ministers meeting on Tuesday are expected to absolve eight countries - including Panama and South Korea.

They will now go to a so-called "grey list", jurisdictions that have made unspecified commitments to the EU on reforming their tax laws.

Moscovici warned against breaking citizens trust and called on ministers to make public any commitments made, repeating similar pleas in European Parliament.

"We cannot accept that member states are secretly negotiating exemptions for tax haven nations that have fallen in favour," said French MEP Eva Joly of the Greens party, a major advocate of fair tax policy.

The grey list, which currently includes 47 countries, will be complemented by the eight struck from the blacklist, including the United Arab Emirates, Tunisia, Mongolia, Macao, Grenada and Barbados.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eus moscovici slams ireland netherlands as tax black holes eus moscovici slams ireland netherlands as tax black holes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eus moscovici slams ireland netherlands as tax black holes eus moscovici slams ireland netherlands as tax black holes

 



GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 10:08 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 07:58 2018 Friday ,05 January

Hot air balloon carrying tourists in Egypt crashes

GMT 10:25 2017 Thursday ,23 March

ISIS shells recaptured areas in west Mosul

GMT 12:54 2014 Wednesday ,19 November

Khartoum keen on boosting ties with Cairo

GMT 07:42 2017 Tuesday ,16 May

Mafraq-Ghuwaifat Highway progressing as planned

GMT 04:59 2013 Tuesday ,08 October

Who is funding Syria’s hardliners?

GMT 12:11 2011 Wednesday ,08 June

Vince Cable threatens banks over lending

GMT 05:58 2017 Saturday ,01 July

India finally fires its big-bang tax bazooka

GMT 13:06 2011 Thursday ,10 November

Island (Ar-'Al-Jazira)

GMT 08:06 2014 Thursday ,28 August

Weight loss, breakfast aren't correlated

GMT 05:07 2018 Tuesday ,23 January

Noble Group shares surge 37 percent on buyout talks

GMT 09:10 2017 Wednesday ,24 May

Imagine Abu Dhabi attracts 4,900 ideas

GMT 17:57 2017 Wednesday ,23 August

Stock markets back in green

GMT 06:35 2017 Friday ,03 November

Sharjah government hones media experts’ skills

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 15:32 2017 Friday ,27 January

Work in an automated future

GMT 10:47 2017 Tuesday ,07 November

Drive in 2018 in style

GMT 08:02 2017 Friday ,02 June

Music takes backseat to motherhood

GMT 07:58 2017 Thursday ,14 December

Pregnant woman wants seat on Tokyo metro

GMT 12:34 2017 Thursday ,11 May

Minister Foreign Affairs Meets German Ambassador

GMT 11:44 2017 Wednesday ,13 December

Five-day bootcamp to make social work
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice