BRUSSELS – EU ministers adopted yesterday a blacklist of 17 non-EU tax havens including Macau, Panama and South Korea after a year of tough negotiations.
The Paradise Papers leak last month gave a new impetus to the plan, making public some of the intricate ways the world’s rich evade tax using offshore havens.
“We have adopted at EU level a list of states which are not doing enough to fight tax evasion. This blacklist includes 17 states,” French Finance Minister Bruno Le Maire told reporters in Brussels.
Oxfam activists stage a satirical street-play mimicking the rich and famous hiding their cash in tax havens, near the EU institutions in Brussels, coinciding with a meeting of EU ministers over a blacklist of non-EU tax havens. – AFP
