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EU hopes leaks lead to Europe-wide deal against tax havens

Ecu finance chiefs are working on a blacklist of uncooperative tax havens amid growing public difficulty about common tax dodging through multinationals and the wealthy.

However finance ministers meeting in Brussels stay divided over how and the place to tax online corporations that operate throughout the ecu Union.

European Commission vice president Valdis Dombrovskis said Tuesday the ministers are preparing a blacklist of non-European tax havens and pushed for sanctions to verify it’s “credible and significant.”

He also expressed hope that the “Paradise Papers” leaks revealing investments in tax havens “will create new political momentum” toward an agreement on on-line gross sales tax.

High-tax countries like France have pushed for the blacklist and a Europe-huge crackdown on tax havens. Decrease-tax countries like Eire and the Netherlands argue with the intention to damage Europe’s competitiveness.

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