The Panama Papers scandal may have cost the 28 member states of the EU in the order of €237 billion in tax income, the European Parliament posits in a new study. The estimates are based on research in a sample of eight member states (Cyprus, the Czech Republic, Denmark, France, Germany, Poland, Spain and the United Kingdom).
On the basis of a lower estimate (losses of €173 billion), assuming an average cost of €50,000 per employee, this would mean that 3.5 million jobs could have been...