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Resolution.pdf

TA-9-2021-0438_EN.pdf
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🔗 Source: europarl.europa.eu
📊 Size: 183 KB
👤 Author: VENNARD Ronan
⬇️ Downloads: 140

Summary

The European Parliament adopted a resolution on the Pandora Papers, a massive data leak revealing the beneficial owners of corporate entities in secrecy jurisdictions. The leak exposes how high-net-worth individuals, including politicians and public officials, use complex corporate structures to shield income and assets from taxation and scrutiny. The Parliament highlights the need for public accessibility of beneficial ownership information to combat money laundering and financial crimes. The leak reveals activities such as tax avoidance, abuse of corporate secrecy, and financial crimes, including money laundering. The EU is estimated to lose around 20% of its corporate tax revenue annually due to profit shifting to tax havens, with estimated losses ranging from EUR 50 to EUR 70 billion per year. The Parliament calls for adequate international tax laws to prevent tax evasion and avoidance practices and ensure a fair and efficient taxation system.

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Description

The European Parliament adopted a resolution on the Pandora Papers, a massive data leak revealing the beneficial owners of corporate entities in secrecy...

Technical Information

  • File Format: PDF
  • File Size: 183 KB
  • Pages: 17
  • Language: EN
  • Author: VENNARD Ronan
  • Total Downloads: 140
  • Last Updated: 9 hours ago

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