On Thursday 18 January, the Commissioner for Taxation, Pierre Moscovici, told a small group of journalists that he feels that there were no tax havens in the EU, but that there are European states which are fiscal black holes. Some of them are too favourable to aggressive tax planning.
He believes there is a need for an economic approach, taking out tax governance standards to reflect on places where aggressive tax planning is to be found. If flows go more into a particular jurisdiction,...