Criteria to define a tax haven vary greatly among EU states and some of them omit any jurisdictions in their national blacklists. "It's time that we agree and publish a blacklist on tax havens," EU tax commissioner Pierre Moscovici told reporters, calling for a "credible" list and "adequate sanctions" when serious breaches are unveiled. Some have been sanctioned for deals with multinationals that slashed their tax bills, reducing revenues in other EU states. To win over their resistance, the proposed EU blacklist would apply only to non-EU countries. EU states have long been discussing both proposals, but no deal has been reached yet.

Source: New York Times November 06, 2017 11:20 UTC