Resolution on the Paradise Papers

Author (Corporate)
Series Title
Series Details 14.11.17
Publication Date 14/11/2017
Content Type

Further information:

The debate highlighted the need for more effective action from national tax authorities regarding tax avoidance. The European Commissioner on Financial Affairs, Pierre Moscovici, urged MEPs to ensure changes so that avoidance schemes were made illegal.

Background information:

The Paradise Papers documents include nearly 7 million loan agreements, financial statements, emails, trust deeds and other paperwork over nearly 50 years from inside Appleby, a prestigious offshore law firm with offices in Bermuda and beyond.

The documents reveal offshore interests and activities of more than 120 politicians and world leaders, including Queen Elizabeth II and different individuals connected to US President Donald Trump.

The files were obtained by the German newspaper Süddeutsche Zeitung, and shared with the International Consortium of Investigative Journalists (ICIJ).

The European Parliament's plenary session held on 14 November 2017 a debate on the Paradise Papers leak.

Source Link Link to Main Source http://www.europarl.europa.eu/oeil/popups/ficheprocedure.do?lang=en&reference=2017/2956(RSP)
Related Links
European Parliament: Press Release, 14.11.17: MEPs demand finance ministers and Council step up fight against tax evasion http://www.europarl.europa.eu/news/en/press-room/20171110IPR87820/
European Parliament: Headlines, 14.11.17: Paradise Papers debate: EU countries should crack down on tax dodging http://www.europarl.europa.eu/news/en/headlines/economy/20171110STO87807/
European Commission: DG Communication: SPEECH/17/4642, 14.11.17: Discours du commissaire Pierre Moscovici sur les 'Paradise Papers' à la session plénière du Parlement européen http://europa.eu/rapid/press-release_SPEECH-17-4642_fr.htm
The Independent, 14.11.17: Paradise Papers: Rich tax avoiders are ‘vampires’, EU finance chief Pierre Moscovici says http://www.independent.co.uk/news/uk/politics/paradise-papers-eu-tax-avoidance-vampires-pierre-moscovici-a8053926.html
Reuters, 14.11.17: EU's Moscovici urges fast action against tax 'vampires' after Paradise Papers www.reuters.com/article/idUSKBN1DE0UN
Luxemburger Wort, 14.11.17: EU tax commissioner calls for legal change to crack down on tax avoidance https://www.wort.lu/en/luxembourg/paradise-papers-eu-tax-commissioner-calls-for-legal-change-to-crack-down-on-tax-avoidance-5a0acbf5c1097cee25b773ac
EurActiv, 14.11.17: Paradise Papers is an ‘opportunity’ for EU to tackle multinational tax evasion, says Greek MEP http://www.euractiv.com/section/economy-jobs/news/paradise-papers-is-an-opportunity-for-eu-to-tackle-multinational-tax-evasion-says-greek-mep/

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