Articles: Tax havens

Tax evasion costs governments hundreds of billions every year around the world. The British NGO Tax Justice Network estimates this amount at 427 billion dollars in total, or 360 billion euros, in a study unveiled on November 20. This tax evasion is notably the result of multinationals, which each year lodge around $ 1,380 billion in profits in tax havens, as well as rich countries absent from blacklists such as the one established by the European Union (EU).