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OpEdNews Op Eds    H4'ed 2/20/19

Yves Bouvier sinks the EU's fight against tax avoidance

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Yet Dauvergne seems focused on other concerns: as he put it, some politicians "don't understand, we're not in charge of merchandise, we're in charge of systems. Like a harbour operator, we're not in charge of each ship, we're in charge of protecting security". It seems, then, that if cultural artefacts looted from war zones were stored behind 50cm-thick steel doors with state-of-the-art fire suppression systems, Dauvergne would consider his mission accomplished. Given this vision of what his responsibilities entail, it's perhaps not surprising that he didn't bother to show up at the Tax3 committee hearing.

Actions speak louder than lip service

Juncker acknowledged Klinz's letter, claiming that he had "taken note of its contents with attention", and charged Pierre Moscovici, the European finance minister, with taking a closer look at Yves Bouvier's freeport. Juncker's spokeswoman further emphasized that "President Juncker has established a strong track record in helping to fight tax evasion and anti-money laundering across the European Union".

Failure to act appropriately regarding Le Freeport, along with a refusal to push through the latest reforms on tax legislation, has cast aspersions on where Juncker's true loyalties lie. Is he, as he claims, really committed towards tightening the tax net and leveling the competition, or is he still beholden to former allies and old habits? With Bouvier's freeport catapulting Luxembourg and its financial secrecy back into the mainstream spotlight, now is not the time for Juncker-or the EU he leads- to lecture anyone on tax evasion.


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Stephanie Collins Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

A freelance writer and doctoral student in Finance, based in London

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Yves Bouvier sinks the EU's fight against tax avoidance

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