PANA inquiry: Difference between revisions
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''Anti-tax evasion and tax avoidance - European Union''. | |||
An inquiry established by the European Parliament to investigate money laundering, tax avoidance and tax evasion, following the Panama Papers disclosures of 2016. | An inquiry established by the European Parliament to investigate money laundering, tax avoidance and tax evasion, following the Panama Papers disclosures of 2016. | ||
The inquiry's recommendations, published in 2017, included: | The inquiry's recommendations, published in 2017, included: | ||
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*Introducing a regulatory framework for tax intermediaries (such as lawyers and accountants), including the separation of audit, tax and advisory services. | *Introducing a regulatory framework for tax intermediaries (such as lawyers and accountants), including the separation of audit, tax and advisory services. | ||
*Defining effective sanctions in the case of involvement in illegal tax and money laundering schemes. | *Defining effective sanctions in the case of involvement in illegal tax and money laundering schemes. | ||
*Providing a common definition at EU level of a certain number of concepts, such as tax haven, secrecy | *Providing a common definition at EU level of a certain number of concepts, such as tax haven, secrecy jurisdiction, non-cooperative tax jurisdiction and high-risk country, as well as guidelines on illegal vs. legal tax planning activities to improve legal certainty. | ||
*Implementing effective protection measures for whistle-blowers. | *Implementing effective protection measures for whistle-blowers. | ||
The work of the PANA inquiry was completed following the adoption of the political recommendations in December 2017. | |||
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* [[Anti-avoidance provision]] | * [[Anti-avoidance provision]] | ||
* [[European Parliament]] | * [[European Parliament]] | ||
* [[European Union]] | |||
* [[High-risk country]] | * [[High-risk country]] | ||
* [[Non-cooperative tax jurisdiction]] | * [[Non-cooperative tax jurisdiction]] | ||
* [[Panama Papers]] | * [[Panama Papers]] | ||
* [[Paradise Papers]] | * [[Paradise Papers]] | ||
* [[Secrecy | * [[Secrecy jurisdiction]] | ||
* [[Tax evasion]] | * [[Tax evasion]] | ||
* [[Tax haven]] | * [[Tax haven]] | ||
* [[Whistle-blowing]] | * [[Whistle-blowing]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Ethics_and_corporate_governance]] | |||
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Latest revision as of 13:28, 7 August 2019
Anti-tax evasion and tax avoidance - European Union.
An inquiry established by the European Parliament to investigate money laundering, tax avoidance and tax evasion, following the Panama Papers disclosures of 2016.
The inquiry's recommendations, published in 2017, included:
- Introducing a regulatory framework for tax intermediaries (such as lawyers and accountants), including the separation of audit, tax and advisory services.
- Defining effective sanctions in the case of involvement in illegal tax and money laundering schemes.
- Providing a common definition at EU level of a certain number of concepts, such as tax haven, secrecy jurisdiction, non-cooperative tax jurisdiction and high-risk country, as well as guidelines on illegal vs. legal tax planning activities to improve legal certainty.
- Implementing effective protection measures for whistle-blowers.
The work of the PANA inquiry was completed following the adoption of the political recommendations in December 2017.
