Archive | August, 2009

Counter Balance asks the EIB to do more and soon on cracking down tax havens

“The European Investment Bank (EIB) new interim policy towards offshore financial centres (OFCs) announced today is a first step in the right direction”, says Counter Balance spokesman – member of the Italian Campagna per la Riforma della Banca Mondiale, Antonio Tricarico. “Unfortunately it is also insufficient to tame the gigantic tax elusion of transnational business”. […]

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EIB: funding development through tax havens

By Stephen Gardner in the EUobserver – The European Commission and big member states like France and Germany are planning a crack down on tax havens (while Britain is pretending to). So it might come as a surprise that the EU’s house bank, the European Investment Bank (EIB), is busily lending to companies established in […]

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