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Start fighting tax havens inside & outside the EU
19/04/2021 14:36
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Every year, member states loose billions in revenue through tax evasion and avoidance. Companies and individual uses of loopholes in national, European and international regulations to reduce their tax burden. As is the case, the damage is borne by society. Honest entrepreneurs and taxpayers are thus burdened twice. As the countless Lux-, Swiss- or Bahamas-Leaks, the Panama Papers or the FinCEN Files have shown, these are by no means individual cases, but an industry worth chelions. Not only overseas, but in Europe there are member states like Ireland, Luxembourg or the Netherlands, that profit from these practices. It is time to clear call out tax havens and to take countermeasures, such as a global/EU-wide minimum tax.
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