end tax havens

Today, EU finance ministers agreed on the reform of the mandate of the Code of Conduct Group, the body within the Council of the EU that assesses harmful tax regimes and is responsible for the EU tax haven list. This reform updated the definition of harmful tax regimes in EU countries. No progress was made on updating the criteria for the EU tax haven list.  

Today, European finance ministers updated the EU tax haven list. The update includes the blacklisting of three additional countries (Anguilla, Bahamas and Turks and Caicos) and the complete delisting of two countries (Bermuda and Tunisia). 

Reacting to the communique issued at the conclusion of third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the South African presidency.

Today, Tuesday 5 October, European economic and finance ministers met to approve an update to the EU’s list of tax havens. This comes in the midst of the unfolding Pandora papers scandal and global tax negotiations. 

European Union finance ministers have removed the British territory of Bermuda, Barbados, and the Dutch Caribbean island of Aruba from the EU blacklist of tax havens today.

When global corporations and the super-rich use tax havens to avoid paying their fair share, it is the poorest countries and people who lose most. This briefing lists five actions governments can take to tackle tax avoidance and end the era of tax havens.

Plus, three other critical questions ahead of Friday’s G20 summit.

Oxfam's Nadia Daar commented on the Bank and the IMF's progress on climate change, inequality, education, and more.

One year on from the Panama Papers scandal and our political leaders are still not standing up to tax havens.