Europe's largest banks are draining public coffers by stashing billions of profits offshore.
A 52-page report, by international aid agency Oxfam out on Monday (27 March), estimates €25 billion of banker money ended up in tax havens in 2015.
It means fewer funds are going into national budgets to pay for things like health care and education.
The report probed Europe's 20 largest banks and found that Luxembourg re...
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Already a member? Login hereNikolaj 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.
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.