EU-US trade and investment relations: Effects on tax evasion, money laundering

On 12 October 2016, the coordinators of the Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion (PANA) decided to send a mission to the USA and more specifically to Washington, DC and to Delaware, from 20 to 24 March 2017. This Ex-Post Impact Assessment has been drawn up by the Ex-Post Impact Assessment Unit of the Directorate for Impact Assessment and European Added Value, within the European Parliament’s Directorate-General for Parliamentary Research Services, to provide Members with the necessary background information in support of their meetings in the USA. The United States of America (USA) is seen as an emerging leading tax and secrecy haven for rich foreigners.

UK publishes detailed plans for public register of foreign ownership of property

The UK government has published its plans for a public register of the beneficial owners of UK properties held by overseas entities. This register will be the first of its kind in the world, according to Margot James, Parliamentary Under Secretary of State at the Department for Business, Energy and Industrial Strategy. ​ The government first announced its proposal in May 2016, and it has now reached the detailed implementation stage. The Department for Business, Energy and Industrial Strategy (BEIS) suggests that the proposals should apply to both existing and new owners. 'Beneficial ownership of property' would have a similar definition as the 'person with significant control' criterion in

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