MEPS SLAM CASH FOR PASSPORT SCHEMES IN TAX CRIMES REPORT

Centre right members of the European Parliament’s special committee on financial crimes, tax evasion and tax avoidance (TAX3) have hit out at the 18 EU member states, that offer citizenship or residence in exchange for investments. The MEPs, members of the European People’s Party (EPP), spoke out November 14 as the committee handed down a draft report*, with findings and recommendations, including phasing out such rights. “These schemes which regularly involve tax privileges are being abused,” said Dariusz Rosati a Polish MEP and lead EPP committee ...


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