Pierre Moscovici, European commissioner with responsibility for tax, said: "Our current approach to corporate taxation no longer fits today's reality. We are using outdated tools and unilateral measures to respond to the challenges of a digitalised, globalised economy." Photo: Reuters

Blacklist of world's 30 worst-offending tax havens published … Hong Kong features but Luxembourg is nowhere to be seen

European Commission leaves Luxembourg off the list, but announces plans for reforming way in which multinationals are taxed across the EU

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Pierre Moscovici, European commissioner with responsibility for tax, said: "Our current approach to corporate taxation no longer fits today's reality. We are using outdated tools and unilateral measures to respond to the challenges of a digitalised, globalised economy." Photo: Reuters
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