What next?

The Week - - News -

Labour is call­ing for a pub­lic in­quiry into the Par­adise Papers, amid grow­ing anger at the emer­gence of fur­ther clear and in­ten­tional avoid­ances of tax. Lewis Hamil­ton, for ex­am­ple, avoided pay­ing VAT on his £16m lux­ury jet by hav­ing it im­ported to, and taken through cus­toms, on the Isle of Man.

EU fi­nance min­is­ters have brought for­ward talks on setting up a global black­list of tax havens. But find­ing agree­ment will be hard as many of the bloc’s smaller states – no­tably Malta and Lux­em­bourg – are them­selves un­der scru­tiny over their tax poli­cies.

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