EP Sets Up Permanent Subcommittee on Tax Matters
On 18 June 2020, the plenary of the European Parliament set up a standing subcommittee on tax matters. It is a subcommittee to the Committee on Economic and Monetary Affairs. It will focus particularly on the fight against tax fraud, tax evasion, and tax avoidance as well as on financial transparency for taxation purposes. Money laundering affairs are not included in the mandate. The subcommittee will have 30 members.
Following several tax evasion scandals, such as LuxLeaks and the Panama Papers, the EP set up various ad hoc inquiry committees (PANA and TAXE, see also eucrim 1/2018, pp. 15-16). The now permanently established subcommittee on tax matters continues the work of these special committees, with permanent dedicated resources against tax dumping and tax fraud. Plans to establish a permanent committee on matters related to tax evasion and tax fraud have existed for a long time. In September 2019, the coordinators of the Economic and Monetary Affairs Committee (ECON) in the European Parliament officially decided to create a permanent subcommittee on tax and financial crime (see eucrim 3/2019, p. 171).