Bitcoin in freefall - EU to remove countries from tax haven blacklist
Officials and activists have decried a decision by EU ministers to remove several states from a tax haven blacklist. Among those delisted is Panama, less than two years after its secretive tax loopholes were leaked.
The European Union has named and shamed 17 countries on a new tax haven blacklist. But the bloc's effort to crack down on tax avoidance has come under fire, with no EU member states included on the list.
The EU will shortly publish a tax haven blacklist, part of a strategy to deal with the issue of global tax avoidance and evasion. The charity Oxfam has its doubts though, and has published a list of its own.
The Maltese government has reacted angrily after a German state's finance minister called the EU island state "Europe's Panama." Now officials are hunting down Germans allegedly using Malta to dodge the taxman.
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