The European Commission proposed in June last year Remove Gibraltar from the list of tax shelters that Brussels prepares. The plenary meeting of the European Parliament supported the decision on Wednesday, so the rock can soon leave jurisdictions, in which there is a high risk of laundering and financing terrorists.
EURODIPUTADOS decided not to object to the proposal to update Brussels that the EU believes that they are tax shelters. A list that is excluded not only for Gibraltar, but also Panama, Philippines, Arab Emirates, Barbados, Jamaica, Senegal and Uganda.
The list includes the territories that Brussels considers a high risk of its shortcomings when combating money laundering or financing terrorism after the consultation process and analyzed jurisdictions that allow them to offer obligations to change their rules and avoid the opportunity to appear in repertoire. Adds other countries to the list, such as Venezuela, Monaco, LebanonNepal, Namibia, Laos, Kenya, Algeria, Angola and Cat -Kot.
Territories included in the list of tax shelters are not affected by EU sanctions, although if the study of financial organizations and other organizations is increasing.
It should be remembered that last year the Eurocamar rejected the proposal of the European Commission, which took Gibraltar from the list of tax shelters. The ties of the countries also included Panama, the United Arab Emirates, Barbados and Uganda, including Namibia and Kenya, What forced the commission to submit a new proposal.
Then the members of the European service condemned that both Gibraltar and the Emirates Arab and Panama did not start efforts To avoid evading the sanctions that the EU imposed on Russia In revenge for a military invasion of Ukraine. The update, however, received approval in this environment and will enter into force after one month.
Parliamentary disputes
But the decision of this environment was not well made throughout the European Science bench. The People’s Party regretted that today the Socialist Party voted to withdraw Gibraltar from the list of tax shelters. Conservatives emphasized that the economic and social sectors of the Campo CTO Gibraltar and Andalusia They did not warn about the danger of “bleaching” from Europe in the financial situation of the British colony.
The truth is that the existence of a differentiated tax regime causes unfair competition, which affects sectors such as trade, logistics, online games or collecting foreign investment, to the direct damage of the economy and employment of bordering municipalities. Although the agreement sealed between the EU and the United Kingdom in June last year is aimed at putting an end to this financial inequality with an increase in sales tax in current 3% to 15%, when it comes into force.
