New sanctions on tax havens, say EU leaders - Spear's Magazine

New sanctions on tax havens, say EU leaders

EU leaders have agreed to impose new sanctions on ‘uncooperative’ tax havens, and are to draw up a new list of offenders by 2 April.

EU leaders have agreed to impose new sanctions on ‘uncooperative’ tax havens, and are to draw up a new list of offenders by 2 April.

At a meeting in Berlin ahead of the G20 summit in April, European leaders also agreed to impose a comprehensive regulatory framework that covers all financial markets ‘including hedge funds and other private pools of capital.’

The move is being seen as a victory for players including Germany and France, who have long sought to crack down on the sector.

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