Friday

29th Mar 2024

Ticker

Spanish tax fraud tops €26 billion

A report from Spain’s General Council of Economists association (CGE) said that tax fraud in Spain costs the country some €26 billion per year in lost tax revenue. The report out on Thursday says that the tax abuse accounts for some 16 percent of Spain's GDP. The report also proposes 20 recommendations on how to stop it.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Join EUobserver

EU news that matters

Join us