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Carthy to be vice-chair of European Parliament Special Committee on Tax and Financial Crimes

14 March, 2018 - by Matt Carthy MEP

Sinn Féin MEP Matt Carthy has been selected as a vice chair of the new special committee of the European Parliament on financial crimes, tax evasion and tax avoidance (TAX3). Carthy was appointed to the 45-member committee by a vote of the European Parliament's plenary session in Strasbourg today, Wednesday.

The ALDE group will select the chairperson of the committee, while GUE/NGL, the Greens, the EPP and S&D are all entitled to appoint a vice-chair of the committee. The GUE/NGL group (European United Left) has selected Matt Carthy to be vice-chair.

Speaking from Strasbourg, Carthy said:

“I have been calling for a new special committee to examine the revelations in the Paradise Papers from offshore law firm Appleby since the leak, so I am very pleased to be a member of this committee, and thank my colleagues in the European United Left for appointing me as the vice-chair of the committee.

“This new special committee will allow MEPs to continue our work examining the nature of, and solutions to, tax avoidance, tax evasion and money-laundering in the EU and around the world.

“As vice-chair I will be urging the committee to examine the many Irish connections to the Paradise Papers, including revelations regarding the Irish government’s facilitation of ongoing massive tax avoidance by Apple, as well as regarding AIB, Denis O’Brien, Bono and others.

“As well as continuing the work we carried out in the Panama Papers inquiry committee, which came to an end in December – and the previous special committees examining the LuxLeaks revelations – we will also be focusing on new emerging issues including tax avoidance and tax evasion in the digital economy.

“The committee intends to put particular emphasis on examining the British Overseas Territories and Crown Dependencies as notorious hubs for financial crime, secrecy and tax-dodging.”

Note to editors:

The name of the new special committee is ‘TAX3: Special committee on financial crimes, tax evasion and tax avoidance’.

The mandate of the special committee as adopted is here:

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