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Protests in Iceland following the Panama leaks ended with the prime minister's resignation. (Photo: Art Bicnick)

EU states set to oppose tax transparency bid

EU states are moving to oppose an EU commission tax transparency plan despite public backlash against wealthy people hiding their money in secret offshore accounts.

Diplomats on Tuesday (20 December) plan to drop proposals to grant public access to registers that reveal the true owners of businesses and trusts.

The registers are part of a larger transparency drive to shed light on tax dodging schemes that cost national coffers in t...

Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Protests in Iceland following the Panama leaks ended with the prime minister's resignation. (Photo: Art Bicnick)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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