EU list of tax havens prevented from living up to its potential says tax subcommittee Chair 

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Paul Tang, the Chair of the European Parliament's subcommittee on tax matters has reacted to Council's decision on the EU list of non-cooperative jurisdictions.

Paul Tang (S&D, NL) said:

"The EU list of tax havens has the potential to transform the global fight against tax avoidance. Yet it does not live up to this potential. Countries with no corporate income tax remain off the list, leaving the door wide open to tax avoidance on a massive scale.

The decision by the Council again reaffirms Parliament's concerns raised in its resolution of January 2021. A lack of transparency allows political considerations to trump facts.

That's why Turkey remains 'grey-listed', even though it repeatedly misses deadlines to start exchanging tax information with EU Member States. The current list is confusing and ineffective. Political games need to be removed from the listing process so that a country can avoid being listed only through reforms rather than through a diplomatic offensive."