EC’s impotent response to Paradise Papers revelations

The vice-president of the European Commission, Valdis Dombrovskis, Commissioner for the Euro and Social Dialogue, said he hoped that the new revelations in the of the Paradise Papers would prompt member states to redouble their efforts to combat tax evasion, “as they are losing.”

Speaking at a Eurogroup meeting in Brussels, an exasperated Dombrovskis said that cases such as those exposed in the latest tax haven and tax evasion research, “stress precisely the need for all member states to commit themselves, because ultimately all member states are losing tax revenue.”

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