#PanamaPapers | European Parliament to set up inquiry committee

The European Parliament Conference of Presidents, comprised of the EP president and political group leaders, unanimously backed the setting up of an inquiry committee to investigate the Panama papers,  which revealed detailed information on off-shore companies and their ultimate beneficiaries, according to an EP press release.

The inquiry committee’s mandate will be determined on 4 May by the Conference of Presidents, with the full House taking a vote during the May plenary session in Strasbourg.

More than 100 Romanian names were rumoured to be involved in the Panama papers case, among them Romanian businessmen Frank Timis and Ion Tiriac. ANAF has also announced the set-up of a group that will work to cross-check data from the Panama papers with its own database.

The scandal also garnered comments from Romanian MP Octavian Popa, who has said that the payment of taxes has been avoided for ‘impressive sums’ in Romania, and from the Romanian Parliament, which asked the tax authority ANAF and the anti-money laundering office ONPCSB to offer some explanations as the Panama papers scandal continued to unfold across the globe.

Andreea Tint

Read more about

Deloitte Romania assisted the National Agency for Fiscal Administration in implementing an EU-funded project meant to modernize tax controls

read more