Appleby, one of the world's largest providers of offshore legal services and a main actor of the tax planning schemes revealed by the paradise papers, has again refused to be heard by the European Parliament's special committee on financial crimes, tax avoidance and tax evasion.
This despite a delegation from the committee currently being on the Isle of Man where Appleby runs one of its largest offices. Members of the delegation condemned this repeated disregard for transparency at a time when the public is rightly demanding clarity.
Appleby had already refused to participate in a previous hearing that was held in June. These repeated refusals contrast with the attitude of various multinationals and other entities which have attended the committee’s hearings or met with its members during delegation visits.
Background on the committee
Following continued revelations over the last five years (Luxleaks, the Panama Papers, Football leaks and the Paradise papers), the European Parliament decided to establish a Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3), on 1 March 2018.
During its twelve-month mandate, the committee is examining and assessing whether further progress has been made in combatting financial crimes, tax evasion and tax avoidance. To do this, numerous hearings with experts and fact-finding missions are being organised regularly. The committee will conclude its work with a report containing its findings and recommendations. The co-rapporteurs are Luděk Niedermayer (EPP, CZ) and Jeppe Kofod (S&D, DK). The draft report containing the first findings is already available.