On Tuesday 8 November, the finance ministers of the member states of the EU agreed on a raft of criteria to define a tax haven, but the sensitivity of certain member states over the tax rate ended up winning out and the text was softened somewhat as a consequence.
At this meeting of the Ecofin Council, the ministers discussed the creation of a European blacklist of tax havens over breakfast. The ball was then returned to the experts' court. The ministers resumed work on the dossier towards...