EU to black list tax havens, EU Commissioner Moscovisi says

A list on non-cooperative tax jurisdictions around the world, the first ever common EU list, is being under preparation, Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici has said.

“This month, we started the process that will lead, by the end of 2017, to the first ever common EU list of non-cooperative tax jurisdictions around the world,” Commissioner Moscovici said speaking on Tuesday to Cypriot journalists in Brussels, expressing the belief that this list would not include a European country.

“We do not expect to have a European country,” included, he said and pointed out that “we need to apply a common sanction”, applying “the name and shame” as the most effective sanction.

Source: Cyprus News Agency.