European Development ministers put tax high on the development agenda, but concrete measures are still needed
June 16th, 2010
On Monday 14th, the European Council adopted conclusions on tax and development, giving its support to last April’s Commission Communication “Cooperating with Developing Countries on Promoting Good Governance in Tax Matters”. Eurodad welcomes these conclusions, which put capital flight, including tax avoidance and tax evasion high on the EU and Member States’ agenda. The Council acknowledges that tax avoidance and tax evasion are “a major obstacle to domestic resource mobilization” for developing countries and that capital flight “requires efforts from both developed and developing countries”. The Council conclusions include the following:
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