Study on European initiatives on eliminating tax havens and offshore financial transactions and the impact of these constructions on the Union’s own resources and budget

2012 – 2013

Global
Study/ research/ analysis

The study reviewed the impact of tax havens, secrecy jurisdiction, and similar structures on the EU. It concluded that the availability of these structures constrains the EU budget and undermines the fiscal recovery of EU Member States. They distort markets by conferring advantages on large companies that engage in transfer pricing. The study recommended the development of objectively verifiable criteria to identify high risk jurisdictions, combined with mandatory country by country reporting by multinational companies operating in the EU.

View document