The European Commission has missed yet another chance to effectively end tax havens, campaigners say. Today’s proposal on tax transparency limits public country-by-country reporting to the EU and an arbitrary list of tax havens. This makes it impossible to effectively combat tax havens which have been at the center of scandals like the Panama Papers, LuxLeaks or OffshoreLeaks. Also, the EU executive’s proposal will only apply to a very small number of companies.
Oxfam's EU tax policy advisor, Aurore Chardonnet, said: