Cyprus has tax haven traits, golden visas should be phased out – EP

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Cyprus has tax haven traits, golden visas...
 © In-Cyprus 2020
The European Parliament voted in favour of measures to clamp down on “tax haven characteristics” and golden visas in seven EU member states, including Cyprus.

The report compiled by the EP’s Tax3 committee received the majority of support from MEPs, with 505 voting in favour and 63 against, though it remains non-binding.

Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta and the Netherlands were all specifically mentioned for shortcomings in their tax systems that facilitate aggressive tax planning.

The report argues that this undermines the integrity of the...


This article was automatically added to our system 26-3-2019

Cyprus has tax haven traits, golden visas should be phased out – EP


The contents of this article including any associated images are © In-Cyprus 2020
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