Archive | July, 2009
flying in the face of development

Flying in the face of development – how the EIB enables tax havens

This study shows that many projects and beneficiaries funded by EIB money involve tax havens and transnational companies that use them for tax purposes. Tax evasion and avoidance from developing countries represents a significant multiple of global overseas development assistance every year. This leakage is facilitated by tax havens, which provide infrastructure and services to […]

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