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"European public investment banks should become proactive and take concrete steps to address the structural weaknesses of their tax havens policies" (Photo: EUobserver)

Tax havens: why urgent action is needed

European multilateral banks need to go bigger and better on transparency of ultimate owners and country-by-country reporting to reach their development and transition goals.

A report recently released by NGO Eurodad, Going Offshore, reveals that European development finance institutions provide billions of euros to private companies and funds registered in offshore financial centers to undertake projects in developing countries.

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

"European public investment banks should become proactive and take concrete steps to address the structural weaknesses of their tax havens policies" (Photo: EUobserver)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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