“We have adopted at EU level a list of states which are not doing enough to fight tax evasion. Several states, including France, support tough measures against the listed tax havens such as exclusion from EU and World Bank funding, though the debate is still open. Apple rejects allegations made by Paradise PapersAn existing list of tax havens compiled by the Organisation for Economic Cooperation and Development (OECD) currently includes only Trinidad and Tobago. In a blow to activists, states that charge no corporate tax are not automatically considered at risk of breaching EU tax criteria. The list is the latest international effort to clamp down on tax avoidance — increasingly seen as a moral issue — following the OECD’s move to compile a list of “uncooperative tax havens”.

Source: The Express Tribune December 05, 2017 18:33 UTC