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EU Sets Up Tax Evasion Policy Hub Amid Push for Global Deal

June 1, 2021, 10:59 AM

The European Union created a monitoring body to help drive policies against tax evasion and avoidance, just as a global push gathers steam to change the treatment of corporate revenues.

Economy Commissioner Paolo Gentiloni told reporters in Brussels that the new EU Tax Observatory will become “a hub of new ideas” that will inform the bloc’s decision-makers by compiling data, and providing research and analysis.

Paolo Gentiloni on June 1.
Photographer: Francois Walschaert/AFP/Getty Images

“As we focus on the recovery after the pandemic, and on massive investment needed to deliver the green and digital transitions, fair taxation is more important than ever,” Gentiloni said. “We need to further ...

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