EU afraid to name USA as tax haven

❝ It sounded like a historical moment was in the offing. For the first time, Europe’s finance ministers were seriously planning on publicly denouncing tax havens by presenting a black list of countries that lure companies through tax-saving schemes. French Finance Minister Bruno Le Maire said the countries on the list were “not doing enough to fight tax evasion.” Fellow Frenchman Pierre Moscovici, the European Union’s commissioner for economic and monetary affairs, called for vigorous sanctions…

❝ Internal documents from the European Council working group responsible for the issue suggest that the United States ignored a late June deadline to avoid being included on the list. DER SPIEGEL has seen the (“EU restricted”) internal documents…

❝ One reason for the Europeans’ restraint could be the growing economic conflicts with the Trump administration. The U.S. president is assiduously threatening to apply punitive tariffs on car imports from the EU, and he is particularly angry at the French, who recently and unilaterally introduced a digital tax on large internet companies. Trump sees it as a hostile act against U.S. internet giants like Amazon and Google.

“Neutral” Europeans prove to be as chickenshit about taxing the wealthy as “loyalist” Republicans and a helluva lot of “centrist” Democrats.

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