The Independent: EU to target UK tax haven territories as trade negotiations begin14 January 2018 | 03:59 | FOCUS News Agency
The European Commission will soon review whether British territories previously left off a Brussels tax haven blacklist should now be added – just as negotiations move on to the all-important future trade deal.
Publicly EU officials say the blacklisting process has nothing to do with Brexit, but separate sources in Brussels told The IndependentBritish territories where billions of pounds are stashed will come into play.
One official made clear the EU would “go after” them, while another said the UK Government must ask itself if it wants to fly in the face of British public opinion on tax avoidance.
EU commissioners in December produced a blacklist of uncooperative tax jurisdictions, in a bid to clamp down on evasion and avoidance, tackle “threats” to members states’ tax bases and take on “third countries that consistently refuse to play fair”.
But the 17 jurisdictions listed included no British Overseas Territories or Crown Dependencies, despite them being named in earlier EU lists and some being implicated in the Paradise Papersscandal.
The EU had agreed the blacklisting screening process would be put on hold for territories caught in Hurricane Irma, meanwhile the UK is said to have pushed back against tougher sanctions for blacklisted territories.
© 2018 All rights reserved. Citing Focus Information Agency is mandatory!