Gentiloni, Pandora papers: new regulations for tax transparency are underway

• Biden proposes a minimum tax of 15% on large companies

• G20: close to the agreement on global taxation, I will light up on Covid variants

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06 October 2021 The European Commissioner for Economy, Paolo Gentiloni, speaking to the European Parliament at the debate on the Pandora papers, announced that "the European Commission is preparing

that will strengthen fiscal transparency and that will bring new elements under the aegis of automatic exchange of information and to fight against tax evasion and avoidance ", he added, specifying that"

present a legislative proposal to be able to deal with the abusive use of companies and convenience companies for tax purposes ".

Gentiloni underlined: "We must remember that tax evaders develop

the measures in place and economic activities are more mobile and faster than any legislator, this shows that we must continue to work hard to strengthen our action against tax abuse ".

According to Gentiloni," thanks to the Pandora we know the role of these convenience companies in tax evasion and avoidance "and announced:" We will also present elements on the

. "  

The European Commissioner for Economy held a videoconference with the American secretary to the Treasury, Janet Yellen. "They took stock of progress in

of companies in the inclusive framework of the OECD.

They agreed on the importance of all parties reaching an agreement on outstanding issues in the coming days, "explained a spokesman for the commissioner.