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Parliament's political leadership agrees on mandate inquiry committee Panama Papers

The European Parliament Conference of Presidents, uniting the EP president and political group leaders, agreed on Thursday 2 June on a mandate for an inquiry committee to look into the so-called Panama Papers, which revealed detailed information on off-shore companies and their ultimate beneficiaries. The proposal by the Conference of Presidents will be voted by Parliament as a whole on 8 June during the plenary session in Strasbourg.

The Committee is to consist of 65 Members who would be tasked to investigate alleged contraventions and maladministration in the application of Union law with respect to money laundering, tax avoidance and tax evasion by the Commission or Member States.
After next week's vote, the Committee will have twelve months to draw up a report. The rules for the setting-up of inquiry committees can be found here.

The full text of the mandate can be found here.