Since February 2017, the European Parliament’s Committee on money laundering, tax avoidance and tax evasion (‘PANA Committee’) has been conducting several fact-finding missions in various jurisdictions. The objective of these missions is to gather evidence and views by meeting with national governments, administrations and parliaments as well as with companies established in the country where the mission takes place.
Fact-finding missions took representatives of the PANA Committee to the United Kingdom on 9-10 February 2017, to Malta on 20 February 2017 and to Luxembourg on 2-3 March 2017. The PANA Committee also travelled to the United States (‘U.S.’). From 21 to 24 March 2017, a PANA Committee delegation attended various meetings in Washington D.C. and in Delaware. The objective was to assess the state of play and perspectives for future EU-U.S cooperation in the fight against tax avoidance, tax evasion and money laundering. Transparency of beneficial ownership information and progress on OECD’s BEPS were also on the agenda. This visit is particularly relevant as some European lawmakers have expressed concerns about the lack of tax transparency in the U.S.