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EP Committee Finds Hungary Shows Traits of Tax Haven

MTI-Hungary Today 2019.03.27.

Hungary is among seven European Union countries that “display traits of a tax haven and facilitate aggressive tax planning”, according to a finding by the European Parliament’s Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3).

The finding was among conclusions in a package of recommendations approved by MEPs on Tuesday after a one-year inquiry.

The other six countries are Belgium, Cyprus, Ireland, Luxembourg, Malta and the Netherlands.

Among the recommendations in the package are ones to start work on a proposal for a European financial police force and an EU financial intelligence unit, as well as the establishment of an EU anti-money laundering watchdog.