How do tax havens work, and is there a way of finally closing the loopholes in the international financial system? We discuss the issue with Markus Meinzer from the international Tax Justice Network.
Germany's federal investigators have paid up to 5 million euros for the trove of documents at the center of the so-called Panama Papers leak. While controversial, the purchase of stolen bank data is legal.
Jerome Cahuzac, who once led a French government crackdown on tax evasion, has been found guilty of that same crime. According to a Paris court, his method of evasion surpassed other cases.
Despite possessing one of the world's biggest economies, Germany ranked among the top 10 in the 2018 Financial Secrecy Index. Serious tax loopholes and lax enforcement contributed to the high ranking.
European Union finance ministers have agreed on new measures to close some tax loopholes that have enabled multinational companies operating in both EU and non-EU countries to avoid paying taxes... but not right away.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version