29 Nov, 2017 @ 15:17
1 min read

OXFAM TO EU: Include Gibraltar in European blacklist of tax havens

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TAX HAVEN: Are closer to home

OXFAM urges the EU to include Gibraltar in its list of tax havens ahead of its list to be published next Tuesday.

The report by Oxfam Intermón, who promote charitable campaigns round the world, criticised the European list of tax havens for not including those inside the EU and are calling for a new European blacklist, Gibraltar is among them.

Others include Ireland, the Netherlands, Luxembourg and Malta.

Oxfam Intermón’s tax and inequality advisor, Aurore Chardonnet, has argued that the study ‘shows what a solid list of tax havens should look like if the EU objectively applied its own criteria, free of political pressure’.

The study comes as the Paradise Papers revealed that billions of dollars were being buried in offshore tax havens.

To combat inequality and poverty generated by tax evasion the EU is drawing up a European blacklist of havens ‘outside’ its borders.

However, the European Commission has already announced that no EU state will be included in the blacklist since they are theoretically subject to the same fiscal rules.

Brussels also argued that the process is ‘unique’ and ‘cannot be replicated’.

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