28 Feb Positive vote as fight for tax justice heads to plenary
The final vote in the TAX3 committee on tax avoidance has been overwhelmingly endorsed by MEPs today with, for the first time, the role of the auditing sectors and the impact of money laundering on women’s rights included in the final report.
In addition, recommendations for the protection of whistleblowers and journalists have also been incorporated. Whilst the structural problems of the EU that help to facilitate tax evasion have been overlooked, the report does tackle the controversy over multinationals moving their headquarters to tax havens – the so-called, cross-border conversion.
In all, 114 of the 168 amendments submitted by GUE/NGL made it into the final committee report – with the help of progressive members across a range of political groups.
For example, there was broad support for the request to analyse the impact of international double taxation treaties on developing countries, which was detailed in a recent GUE/NGL study as being biased in favour of capital-exporting countries.
Likewise, there was support for the negative impact of tax amnesties and the criticism of the revolving door culture between auditors and the public sector and their potential conflicts of interest.
Read more about it and Miguel Urban’s comments on the draft report here.
Read GUE/NGL’s analysis of the result of the TAX3 Committee vote here
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