On June 30, 2017 the European Parliament’s  Committee of Inquiry into Money Laundering Tax Avoidance and Tax Evasion (Hereafter: PANA Committee) released a draft report on the inquiry on money laundering, tax avoidance and tax evasion and a draft motion for a recommendation to the Council and the Commission pursuant to the third subparagraph of Rule 198(10) of the Rules of Procedure following the inquiry on Money Laundering, Tax Avoidance and Tax Evasion.

The draft report consists out of 2 parts. Part I contains the draft conclusions, whereas Part II contains an overview of activities during the mandate of the PANA Committee. Both the draft report as well as the draft motion were prepared by the co-rapporteurs Jeppe Kofod and Petr Ježek.

 

Part I of the draft report is organized as follows:

·   Tax evasion and tax avoidance

o  Offshore structures

o  A common EU list of non-cooperative tax jurisdictions

o  Exchange of information

o  Findings

·   Money laundering

o  Anti-Money Laundering legislation

o  An EU anti-money laundering list of high-risk third countries

o  Financial Intelligence Units (FIUs)

o  Findings

·   Intermediaries

o  Legal framework

o  Findings

§   Roles and responsibilities of bank

§   Banking supervision

§   Lawyers and law firms

§   Accountants, accounting firms and auditors

§   Trusts and fiduciaries

·   Third countries dimension

o  Findings

o  Developing countries

·   Whistle-blowers

·   Interinstitutional cooperation

·   Conclusion

 

Click here to be forwarded to Part I of PANA’s draft report on the inquiry on money laundering, tax avoidance and tax evasion.

 

Part II of the draft report is organized as follows:

·   Committee composition

·   Committee meetings and missions

·   Activities of the Committee

o  Programme of hearings and missions

o  List of speakers (hearings and missions)

o  State of play on “Who refused to participate in hearing/delegation and why?”

·   List of external studies

 

Click here to be forwarded to Part II of PANA’s draft report on the inquiry on money laundering, tax avoidance and tax evasion.

 

The draft recommendations regard a.o.:

·   Tax evasion and tax avoidance

o  Offshore structures

o  A common EU list of non-cooperative tax jurisdictions

o  An EU anti-money laundering list of high risk third countries

o  Other tax legislations

o  Exchange of information

·   Money laundering

o  Anti-Money Laundering legislation

o  Financial Intelligence Units (FIU)

·   Intermediaries

o  Banks

o  Lawyers

o  Accounting

o  Trusts and fiduciaries

·   Third countries dimension

·   Developing countries

·   Whistle-blowers

·   Interinstitutional cooperation

o  Cooperation with PANA

o  European Parliament right of inquiry

o  Other institutions

 

Click here to be forwarded to Part I of PANA’s draft motion for a recommendation to the Council and the Commission pursuant to the third subparagraph of Rule 198(10) of the Rules of Procedure following the inquiry on Money Laundering, Tax Avoidance and Tax Evasion.

 


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