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European Commission hopes Paradise leaks ‘create political momentum’

Jaclyn Jaeger | November 7, 2017

The European Commission yesterday reiterated its strong commitment to fight against tax evasion, following the Paradise Papers leak.

In prepared remarks at the Economic and Financial Affairs Council (ECOFIN) press conference, European Commission Vice President Valdis Dombrovskis stressed that the Commission has tabled many proposals—several of which have already been agreed—in the name of fighting tax evasion, “but some are still outstanding, pending agreement from member states,” he said. “We hope that the Paradise leaks will help to create a new political momentum to reach the unanimity required for an agreement.”

For example, the European Commission is calling on member states to take forward its June proposal for transparency measures for so-called tax “...

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