top european countries call to end secrecy of shell companies
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Top European countries call to end secrecy of shell companies

Arab Today, arab today

Arab Today, arab today Top European countries call to end secrecy of shell companies

Washington
Washington - Arab Today

Europe's five leading economies called Thursday for a crackdown on tax havens, urging the G20 powers to remove the secrecy of shell companies that enables tax evasion and money laundering.

In the strongest reaction yet to the leaked "Panama Papers," the finance ministers of Britain, France, Germany, Italy and Spain also proposed a blacklist of havens like Panama if they do not share corporate registry data with others.

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