Brussels Reporter
  • Home
  • Brussels
  • Europe
    • Europe

      Biden signs string of COVID orders and vows…

      January 22, 2021January 22, 2021

      Europe

      Scientists are using satellites to count elephants from…

      January 21, 2021January 22, 2021

      Europe

      UK names Brexit negotiator as new EU ambassador

      January 21, 2021

      Europe

      France: Hospital workers demand more resources to fight…

      January 21, 2021January 22, 2021

      Europe

      Biden inauguration: Fireworks light up Washington DC sky…

      January 21, 2021January 21, 2021

  • Globe
  • Lifestyle
  • Business

Brussels Reporter

  • Home
  • Brussels
  • Europe
    • Europe

      Biden signs string of COVID orders and vows…

      January 22, 2021January 22, 2021

      Europe

      Scientists are using satellites to count elephants from…

      January 21, 2021January 22, 2021

      Europe

      UK names Brexit negotiator as new EU ambassador

      January 21, 2021

      Europe

      France: Hospital workers demand more resources to fight…

      January 21, 2021January 22, 2021

      Europe

      Biden inauguration: Fireworks light up Washington DC sky…

      January 21, 2021January 21, 2021

  • Globe
  • Lifestyle
  • Business
Home Brussels Belgium has traits of a tax haven, European Parliament commission finds
Brussels

Belgium has traits of a tax haven, European Parliament commission finds

by editor February 27, 2019
February 27, 2019
Belgium and six other European countries “display traits of a tax haven and facilitate aggressive tax planning,” the European Parliament noted on Wednesday in a report by its Special Commission on Financial Crimes, Tax Evasion and Tax Fraud.
In an immediate reaction to the finding, Socialistische Partij Anders (sp.a) europarliamentarian Kathleen Van Brempt accused Belgium’s government of “actively ensuring that multinationals do not pay their fair share” of taxes.

Following the revelations of Lux Leaks, the Panama Papers, the Football Leaks and the Paradise Papers, the European Parliament had decided in March 2018 to create a special commission on financial crimes, tax evasion and tax fraud. On Wednesday, after 12 months of work, it adopted its final report by 34 votes for, 4 against and 3 abstentions.

It found that seven European countries had certain characteristics of tax havens: Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta and the Netherlands.

Belgium is on the list because “a lot of money is circulating in the country through companies that employ practically no-one, which shows that it is being used by multinationals that do aggressive fiscal planning,” Van Brempt said.

Such practices are encouraged by the Government, which ensures that big companies that repatriate their money to Belgium enjoy a favourable tax regime enabling them to benefit from a maximum of tax exemptions, she added.

In its report, the Commission called for the fight against tax offenses to be stepped up. Co-rapporteur Jeppe Kofod stressed the need for tougher rules in the EU, severe penalties against banks that facilitate financial crimes and a new European financial police within Europol.

The report will be put to a vote at the plenary meeting of the European Parliament in March.

Oscar Schneider
–

previous post
Democracy in Central Europe: Hungary is now a Balkan country
next post
A passenger went through the security checks at Brussels Airport wearing a belt with explosives

Related Posts

Aalst Carnival faces removal from world heritage list

March 22, 2019

Citizens’ groups want Constitution amended to boost local...

January 4, 2019

Get ready for three days of carnival festivities...

March 3, 2019

Flemish ministers lay down new guidelines for student...

January 30, 2019

Belgian companies want to see a national smart...

May 14, 2019

System to stop accidents at level crossings in...

April 2, 2019

The Socialist Party wants free public transport in...

January 31, 2019

One of the first first-aiders to intervene during...

March 10, 2019

Citizens petition Court to protect Belgium’s trees

May 3, 2019

460 Yellow Vests detained, 10 charged as marchers...

December 9, 2018
Promotion Image

Recent Posts

  • Google threatens to withdraw search engine from Australia
  • EU leaders see ‘dark red’ and urge Brussels to speed up vaccine delivery
  • Biden signs string of COVID orders and vows ‘help is on the way’
  • Scientists are using satellites to count elephants from space for the first time
  • My niece, Kamala Harris – BBC News
Promotion Image

GO!

Instagram

No images found!
Try some other hashtag or username

Lifestyle

  • Scientists are using satellites to count elephants from space for the first time

  • France: Hospital workers demand more resources to fight COVID-19

  • Alexei Navalny: Millions watch jailed critic's 'Putin palace' film

  • Covid vaccine: WHO warns of ‘catastrophic moral failure’

  • Keeping the country in Europe cost Syriza power

Popular Posts

  • 1

    Beware of scammING. Dirty money of famous bank

    October 6, 2020
  • 2

    The death of the city

    July 27, 2020
  • 3

    Norway: No link established after post-COVID-19 vaccination deaths, says health authority

    January 18, 2021

Editor’s Choices

  • European Parliament will set up vaccination centers for MEPs, staff and locals

    January 21, 2021
  • Why ‘equal access’ to coronavirus vaccines is failing poor countries

    January 20, 2021
  • Can Europe avoid the coming crisis?

    August 26, 2019

Opinions

  • Keeping the country in Europe cost Syriza power

    August 28, 2019
  • The populist surge that did not happen

    August 27, 2019
  • Can Europe avoid the coming crisis?

    August 26, 2019

@2018-2021 - Brussels Reporter (www.brusselsreporter.com). All Right Reserved.