Ad
MEP luxury pension scheme held corporate assets in tax havens like Berumuda (Photo: Mike Oropeza)

Exclusive

MEP luxury pension held corporate assets in tax havens

While the European Parliament was demanding a clamp down on tax havens, many of its own MEPs were using their monthly office allowances to finance a luxury pension scheme that held corporate assets in the Cayman Islands, Bermuda and elsewhere.

The investments, including in large banks requiring bailouts, were made at the height of 2008-2010 financial crisis that had ushered in mass unemployment and austerity cuts affecting ordinary Europeans.

Among those were

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

MEP luxury pension scheme held corporate assets in tax havens like Berumuda (Photo: Mike Oropeza)

Tags

Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Ad

Related articles

Ad
Ad