Socialists and Democrats successfully pushed for a new special committee to investigate tax crimes

Are big banks’ profits in tax havens legal, The Commission must launch a full investigation and lift all doubtspresident of the European Commission Jean-Claude Juncker, S&D Group president Gianni Pittella, S&D Group vice-president Udo Bullmann and S&D spo

On the initiative of the Socialists and Democrats, the leaders of the political groups in the European Parliament today have decided to set up a special committee on financial crimes, tax evasion and tax avoidance.

The new special committee will have 45 members and will be in place for 12 months.

 

S&D acting Group leader Udo Bullmann said:

“I am pleased that the Conference of presidents today followed our lead to establish a special committee on tax fraud and tax evasion building on the work already done.

“It is crucial to complete the work carried out in the successive committees, Taxe1, Taxe2 and the Panama Papers inquiry that were launched 4 years ago. The work to crack down on tax dodging must continue.

“We also want to focus on effective implementation and monitor the impact of the recommendations the Parliament has put forward.

"It is also paramount to keep the pressure on EU governments so that we can build a fairer tax system in Europe”.