Euromarket and PANA inquiry: Difference between pages

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imported>Doug Williamson
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1.  
An inquiry established by the European Parliament to investigate money laundering, tax avoidance and tax evasion, following the Panama Papers disclosures of 2016.


A market where a currency is traded outside that currency's home country.
The inquiry's recommendations, published in 2017, included:


For example, US dollars traded in London.
*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.




2.
== See also ==
 
* [[Anti-avoidance provision]]
Potentially confusingly, the term 'euromarket' is also sometimes used, much more broadly, as a general term for the international capital market.
* [[European Parliament]]
 
* [[High-risk country]]
This wider definition includes both the narrower strict definition of euromarkets above, and, for example, foreign bonds.
* [[Non-cooperative tax jurisdiction]]
* [[Panama Papers]]
* [[Paradise Papers]]
* [[Secrecy jurisdiction]]
* [[Tax evasion]]
* [[Tax haven]]
* [[Whistle-blowing]]




 
== External link ==
 
[http://www.europarl.europa.eu/cmsdata/134370/Draft_Recomendation_B8_660_2017.pdf Draft recommendations of the PANA inquiry 2017]
== See also ==
* [[euro]]
* [[Eurocommercial paper]]
* [[Eurocurrency markets]]
* [[Foreign bond]]
* [[International capital market]]
* [[Tax sparing]]
 
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Revision as of 15:18, 8 April 2018

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.


See also


External link

Draft recommendations of the PANA inquiry 2017

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