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🔗 Source: oxfamilibrary.openrepository.com
📊 Size: 714 KB
👤 Author: Johan Langerock
⬇️ Downloads: 158

Summary

Tax havens deprive governments of billions of dollars, fueling inequality and poverty. The EU's blacklist of tax havens, launched in 2017, aims to tackle tax avoidance, but Oxfam research suggests it will whitewash notorious tax havens like Bermuda, the Cayman Islands, and Panama. At least nine tax havens will be de-listed, and five EU member states would be blacklisted if the EU applied its own criteria. The EU's screening methods are flawed, and the blacklist fails to include aggressive tax havens like Singapore. Tax dodging by multinationals costs developing countries $100bn annually, exacerbating poverty and inequality. The EU's blacklisting process has pushed some countries to reform harmful tax practices, but its criteria are too low, and reforms may be ineffective or even harmful.

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Description

Tax havens deprive governments of billions of dollars, fueling inequality and poverty.

Technical Information

  • File Format: PDF
  • File Size: 714 KB
  • Pages: 32
  • Language: EN
  • Author: Johan Langerock
  • Total Downloads: 158
  • Last Updated: 20 hours ago

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