The cache of recently leaked “Paradise Papers”, revealing the hidden wealth of the world’s elites, are up for an urgent debate on Wednesday.
The papers, compiled by an international consortium of investigative journalists, show how the super-rich shelter their wealth offshore and, in some cases, minimise their tax bills.
The European Parliament has, for many years, been in the forefront of the fight against money laundering and tax avoidance and evasion. Its recommendations to counter these practices were drawn up by a special committee on tax evasion (TAXE 2) and set out in a resolution voted on 6 July 2016.
The findings of a separate special committee set up in response to the “Panama Papers” will be put to a plenary vote in December.
Procedure: Council and Commission statements
Debate: Wednesday, 15 November