Motion for a resolution on the need to improve tax fairness and ban tax havens
EP Position
The motion urges Member States to introduce mandatory reporting of transfers to countries, territories and regions with clearly more favourable preferential tax regimes and calls on the Council and Member States to work at EU and international level to ban transactions to such non-cooperative preferential tax regimes. It also urges the Commission and the Council to create the conditions for tax havens to cease to exist and calls on Member States to tax wealth where it is generated, improving tax fairness.
Key Trade Point
The text highlights estimated average annual tax losses of USD 6,276.4 million for EU Member States, including EUR 4,695.4 million in corporate tax abuse and USD 1,581 million in wealth placed in offshores, citing the Tax Justice Network. The proposed mandatory reporting and transaction bans are presented as measures to reduce cross-border tax avoidance and curb related economic and financial crime.
What Comes Next
The motion does not specify a next procedural or institutional step in the document.
Sources
Official Documents
- MOTION FOR A RESOLUTION on the need to improve tax fairness and ban tax havens Motion for a European Parliament resolution tabled on tax fairness and ban tax havens.
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