Charity attacks EU “hypocrisy” on tax evasion

Oxfam, the international confederation of 17 organizations working around the world to find solutions to poverty and related injustice, published on 22 May 2013 a report where accused EU leaders of turning a blind eye to European tax havens.

According to Oxfam's estimates, based on data gathered from the Swiss-based Bank of International Settlements and the International Monetary Fund, at least €14 trillion is hidden by wealthy individuals in tax havens around the world, of which around €9.5 trillion is kept in Europe or Europe-linked protectorates

• Primary Source

ESO: Background Information: EU finance ministers talk banks, loan tranches and Slovenia http://www.europeansources.info/record/eu-finance-ministers-talk-banks-loan-tranches-and-slovenia/

ESO: Background Information: European Council, Brussels - 22 May 2013 http://www.europeansources.info/record/european-council-brussels-22-may-2013/

Oxfam: Oxfam Blogs: Lost tax haven cash enough to end extreme poverty - twice over http://www.oxfam.org.uk/blogs/2013/05/tax-haven-cash-enough-to-end-extreme-poverty

Deutsche Welle, 22.05.13: Oxfam says $12tn stashed in European tax havens ahead of EU tax talks http://dw.de/p/18c0b

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