MEPs to debate “Panama Papers” tax scandal with Commissioner Moscovici

The “Panama Papers” revelations about more than 200,000 offshore companies and their secret owners, including many politicians and celebrities, will be debated with EU Commissioner Pierre Moscovici, in charge of fiscal policy, and Dutch Minister of Defence Jeanine Hennis-Plasschaert on behalf of the Council presidency, on Tuesday afternoon at about 16.30. MEPs will discuss whether existing EU measures against tax evasion and money laundering are working or if more needs to be done.

The Panama Papers were revealed by the International Consortium for Investigative Journalism, the organisation behind the so-called “Luxleaks” corporate tax scandal of 2014. ““LuxLeaks” triggered the setting up of Parliament’s Special Committee on Tax Rulings, which drew up a long list of legal recommendations for fairer and more transparent tax policies in the EU.