Financial Crimes, Tax Evasion and Tax Avoidance
A Europe where everyone pays their fair share
With the revelations from LuxLeaks in 2014, then SwissLeaks and the Panama Papers in 2016, the huge scale of tax dodging in Europe has been laid bare. While ordinary citizens face cuts and rising bills, big multinationals make huge profits by exploiting legal loopholes, shopping around for the most favourable jurisdictions and hiding money in tax havens to evade tax.
Our work on fighting financial crimes, tax evasion and tax avoidance
We stand for a fair tax system in Europe where everyone pays their fair share. We want to close the loopholes and eradicate tax havens to bring in billions of euros to spend on jobs, innovation, public services and balancing budgets.
The Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) builds on the work of previous committees (TAXE, TAX2, PANA) by investigating new issues, such as digital taxation, national citizenship programmes and VAT fraud, as well as continuing to fight against tax crimes, tax evasion and tax avoidance. The mandate for the committee was created on 1 March 2018 for a period of 12 months, following further revelations of tax evasion and avoidance in Europe and beyond (Luxleaks, the Panama Papers, Football leaks and the Paradise papers).