The Pandora Papers should spur the European Union to get tough with the U.S. and the U.K. on tax transparency, European Parliament lawmakers said in a resolution adopted Thursday.
The resolution—a statement of the parliament’s position that the European Commission is obliged to take into account in future rulemaking—was adopted 578-28 with 79 abstentions by lawmakers sitting in Strasbourg, France.
Lawmakers said the Pandora Papers—financial documents of the ultra-rich leaked by the International Consortium of Investigative Journalists—showed that Alaska, Delaware, Nevada, South Dakota, and Wyoming “have become hubs of financial and corporate secrecy.”
They suggested ...