News

EU lawmakers from across the political spectrum have agreed to establish a permanent committee on taxation, but, unlike its predecessors, the panel's remit does not include money laundering and terrorist financing. Since 2014, the Parliament has created four temporary committees to investigate tax avoidance, tax evasion and illicit finance, sometimes in response to financial scandals such as those revealed by the Panama Papers, a trove of leaked banking and incorporation documents that outlined the flow of billions of euros worth of both licit and illicit funds through webs of offshore entities. As concerns over tax dodging, ineffective anti-money laundering supervision...