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Pierre Moscovici seeks a 'credible' EU blacklist of tax havens. (Photo: European Commission)

EU commission wants 'credible' tax haven blacklist

The European Commission is demanding that member states reach an agreement on an EU tax haven black list, in the wake of media revelations of widespread tax avoidance schemes by the wealthy elite known as the Paradise Papers.

Pierre Moscovici, the EU finance commissioner, told reporters on Monday (6 November) that governments needs to "rapidly adopt a European tax haven list", which is also "credible."

"There is no point in just having one country on the black list tax havens," he...

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