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Michael Theurer: “We need appropriate European sanctions for countries cooperating with tax havens”

Michael Theurer: "We need appropriate European sanctions for countries cooperating with tax havens"
ALDE MEP Michael Theurer presented this evening the draft report of the Tax Rulings and Other Measures Similiar in Nature of Effect (TAXE) committee in Strasbourg. The text regrets that some member states have not fulfilled their obligation to exchange tax information and calls on the Commission to put in place a common set of criteria to identify tax havens and appropriate sanctions for countries cooperating with them. The report proposes also establishing an EU legislative framework for the effective protection of whistleblowers and asks the Commission to foster a more coordinated approach vis-à-vis developed countries in order to promote greater reciprocity in tax matters.

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