Global Tax 50 2016: Werner Langen
International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX
Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Global Tax 50 2016: Werner Langen

Chair of the European Parliament committee of inquiry into money laundering, tax avoidance and tax evasion (PANA)

Werner Langen

Werner Langen is a new entry this year

The Panama Papers caused big waves when they were leaked in April 2016 and its impact on the EU and its member states resulted in the need to scrutinise the leak and its impact.

The papers, a leak of more than 11 million documents from Panama law firm Mossack Fonseca, revealed the various ways celebrities, politicians and others can exploit offshore tax regimes and evade taxes.

Following the Panama Papers leaks, the European Parliament decided on June 8 2016, to establish a committee that was given a 12-month mandate to investigate alleged contraventions and maladministration in the application of EU law in relation to money laundering, tax avoidance and tax. The 65 committee members and the 65 substitute members are investigating the alleged failures, as required by the committee's mandate.

Werner Langen, a German member of the Christian Democrats party, was appointed as chair of the committee on July 12.

The committee's first meeting took place in September, and over the following 12 months it said it would investigate whether "national governments and the European Commission failed to properly implement EU anti-tax avoidance and financial transparency rules". The committee will also consider whether governments breached their treaty commitment to sincere cooperation by not taking action against secretive tax avoidance structures.

Although offshore tax structures are often perfectly legal, the leaks showed that they are often used for purposes other than inheritance and estate planning. "Tax justice and fair tax competition are essential elements of the European single market as well as a fair global system of labour division in the context of globalisation," Langen said.

The German Christian Democrat said that he wanted clarifications and suggestions on what went wrong in the years and decades leading up to the release of the Panama Papers.

However, the committee's mandate has changed slightly since it was first established as it will also be examining the Bahama Leaks and the case of former EU Competition Commissioner Neelie Kroes, who failed to declare a directorship in an offshore firm while she held the competition portfolio.

"Ms Kroes told us she had given up all her engagements. After her hearing for that post she passed the vote in the Economic and Monetary Affairs Committee with a narrow majority of 24 to 22. With the current knowledge, the outcome could well have been different. We want to hear [from] Ms Kroes", Langen said.

During hearings throughout the 12-month period, the committee will scrutinise confidential information, invite witnesses and organise hearings to get to the bottom of what went wrong. To date, the committee has heard from the Nobel Prize-winning economist Joseph Stiglitz and experts on anti-money laundering enforcement in Belgium and Germany, among others. The final report will be published before the committee's mandate ends on June 8 2017.

The Global Tax 50 2016

View the full list and introduction

The top 10 • Ranked in order of influence

1. Margrethe Vestager

2. The International Consortium of Investigative Journalists

3. Brexit

4. Arun Jaitley

5. Jacob Lew

6. Antoine Deltour and Raphaël Halet

7. Operation Zealots

8. Guy Verhofstadt

9. Theresa May (and the 'three Brexiteers')

10. Donald Trump

The remaining 40 • In alphabetic order

Kemi Adeosun

Piet Battiau

Elise Bean

Monica Bhatia

Allison Christians

Tim Cook

Rita de la Feria

Caroline Flint

Judith Freedman

Chrystia Freeland

Pravin Gordhan

Orrin Hatch

Meg Hillier

Mulyani Indrawati

Lou Jiwei

Paul Johnson

Stephanie Johnston

Chris Jordan

Pravind Jugnauth

Wang Jun

Jean-Claude Juncker

Kathleen Kerrigan

Christine Lagarde

Werner Langen

Jolyon Maugham

Angela Merkel

Narendra Modi

Will Morris

Michael Noonan

Grace Perez-Navarro

Platform for the Collaboration on Tax

Donato Raponi

Pascal Saint-Amans

Heather Self

Robert Stack

Tax Justice Network

The Gulf Cooperation Council (GCC)

Transparency International

US Committee on Ways and Means

Rodrigo Valdés

more across site & bottom lb ros

More from across our site

An overhaul of EU import taxes could spell the end of an exemption for cheap parcels
Sharma, managing director for A&M in the United Arab Emirates, tells ITR about intense time pressures, mimicking Jurgen Klopp and what makes tax cool
AI will speed up some of the most laborious TP processes without making human input redundant, argues Hank Moonen, CEO of TaxModel
Firms with a broad geographic reach are more likely to win work, especially from global companies with high turnovers, according to survey data of nearly 29,000 corporate counsel
Australian businessman Gordon Merchant used EY’s advice to offset an A$85 million capital gain, according to the Federal Court
Griggs has been drafted in ahead of schedule as the incumbent Tim Ryan departs for Citigroup; while the Netherlands plans to scrap a 15% share buyback tax
Authorities must ensure that Russian firms do not use transfer pricing schemes to increase profits made from oil sold in different markets, advocacy organisations have argued
Fallet, a partner at law firm Mauger Muniz Advogados in Brazil, tells ITR about his passion for tax law, the leaders who inspired him, and what makes tax cool
The former chief operating officer will assume the role on July 1
Ahead of next week's Indirect Tax Forum in London, ITR spoke with Christian Van Der Valk of Sovos about how different governments and companies are embracing e-invoicing
Gift this article