EU pushes for tax blacklist after Paradise Papers leak

EU pushes for tax blacklist after Paradise Papers leak

The EU pushed on Tuesday for Europe to draw up a blacklist of tax havens after the “Paradise Papers” revealed loopholes used by Apple and Nike as well as celebrities including Formula One champion Lewis Hamilton. While seeking to minimise taxes is not necessarily illegal, revelations from the 13.4 million leaked documents have already proved embarrassing to figures as diverse as U2 singer Bono and Queen Elizabeth II. Apple is the latest company to become caught up in the leaks, which show how the technology giant moved tens of billions of dollars from low-tax Ireland to Britain’s Channel Islands when Dublin began tightening its laws in 2015.

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Source:: Yahoo News

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