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Tax avoidance

  • What is Paradise?

    On Sunday 5 November the International Consortium of Investigative Journalists (ICIJ) published new revelations about tax evasion and avoidance schemes. These revelations seem to be even more significant than the Panama Papers and Lux Leaks. The moniker they have bestowed on these leaks is Paradise Papers. Journalists have promised that this time the focus will…

  • Brexit and Private Equity: Business as Usual?

    Global Private Equity (PE) assets under management have been rising in recent years, reaching a new high in June 2015 at $2.4 trillion. A similar trend can be seen in Europe where PE is increasingly considered an important funding channel for businesses in Europe. The outcome of the Brexit referendum appears not to have bucked…

  • How much Vitamin C does the European tax system need to be healthy? The CC(C)TB saga continues

    On 25 October 2016 the European Commission proposed a redrafted version of the proposal aiming to tackle tax avoidance and evasion, by creating a single Common Corporate Tax Base, and introducing, at a later stage, a consolidation element which would allow companies to offset losses in one Member State from the profits earned in another.…

  • Public Tax Reporting – Panacea or scapegoat?

    The leak of the Panama Papers intensifies the debate on tax fairness and actions individuals and companies take to avoid taxes. Although, unlike tax evasion, tax avoidance is legal, policy makers are now looking how to prevent companies from avoiding taxes by stalling their money in tax havens. The European Parliament is seeking to establish…

  • Strasbourg Diary #4: part 2 – Besides Brexit…

    …there were other items on the Strasbourg agenda too! Here are a few quick summaries on the other key discussions that took place in Strasbourg. Anti-Tax Avoidance Package Tuesday: The European Parliament held a lively debate on the long awaited Anti-Tax Avoidance Package (ATAP) that the European Commission presented last week. The package, the Commission’s…

  • Tax – is Europe leading by example?

    As Europe slowly pulled itself out of the economic and financial crisis, European governments’ attention turned to focus, inter alia, on the need to conserve resources to boost Member States’ budgets and address perceived inequalities in the single market. Within this context – and driven by public and NGO concern – the spotlight turned on…

  • Tax transparency: a means to an end?

                      Today’s corporate tax rules are fiendishly complicated and both governments and businesses alike would benefit from a simpler, more transparent system. For decades, governments globally have aggressively courted foreign investment for its benefits in terms of future job creation and economic growth. Tax incentives are one…

  • Anti-US Sentiments – A concern for business?

                  The Snowden revelations, domination of the internet by US companies and the ongoing critical debate about TTIP impact public opinion of US business in the EU. While the US is by far Europe’s most important partner in political as well as economic terms, US companies are increasingly concerned…

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