The European Parliament in a resolution last Thursday (21/10/2021) calls for investigations to be carried out in the Member States into what is recorded in the Pandora Papers and regrets that high-ranking politicians in the EU, who are called upon to take decisions, are included by name in the relevant publications.
In the resolution, MEPs identify the measures they believe need to be taken urgently by the EU in order to eliminate the legal loopholes that currently facilitate widespread tax avoidance, tax evasion and money laundering.
In addition, they are asking the European Commission to take legal action against Member States that are not applying the legislation in force correctly.
MEPs particularly criticized former and current heads and ministers of EU member states, whose activities were revealed by the Pandora Papers.
In addition, the European Parliament, in its resolution, calls on the authorities of the Member States to launch a thorough investigation on their territory into any irregularities uncovered and to proceed with an audit of all the personalities mentioned in the Pandora Papers.
MEPs are calling on the European Commission to assess the revelations and consider whether new legislation is needed. The Commission is also called upon to determine whether legal action against certain Member States is justified.
