News & press releases
Italian Finance Minister to chair PES Finance Ministers Network
Italian Finance Minister, Pier Carlo Padoan is the new chair of the Finance Ministers Network of the Party of European Socialists. Ahead of the ECOFIN Council meeting in Luxembourg he chaired his first meeting, at which Ministers committed to continue hard working for a stable banking sector that puts citizens’ needs first.
We are fighting tax havens and aggressive tax planning
Tax evasion is not a new issue, but the Panama Papers shed a light on the huge scale of fraud and money transferred to tax havens. Tax evasion means that each year 1 trillion (1.000.000.000.000) euros are lost to society. Money that should be used for the benefit of all – health, education, community services, etc. – is instead remaining to the pockets of those who have the most.It is time to take action and make sure that a fair system is put into place and that those who have more contribute to the society as everyone contributes his/hers fair share to society.
PES Finance Ministers call for ambitious measures to tackle corporate tax avoidance
Finance Ministers from the Party of European Socialists met today in Brussels prior to the ECOFIN Council. The Ministers discussed measures to tackle corporate tax avoidance and promote fiscal justice. The meeting focused on proposals that would prevent corporation from using aggressive tax planning and profit shifting practices. PES Finance Ministers reiterated their conviction to effectively tackle tax avoidance and tax fraud and to close down tax havens.
Panama Papers reinforce PES Finance Ministers commitment to fight tax havens
Finance Ministers from the Party of European Socialists committed to continue fighting for the closing down of tax havens at their meeting today in Amsterdam during the informal ECOFIN Council. The discussion took place in the context of ‘Panama Papers’.
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