According to a report by the European Tax Observatory published on Monday 6 September, between 2014 and 2020, the amounts declared by the main European systemic banks in tax havens have remained stable at around 20 billion euro per year respectively, despite the implementation of EU rules on country-by-country reporting for the banking sector.
The average sum of 20 billion euro corresponds to 14% of their total annual profits. The Observatory notes a significant discrepancy between these...