EU governments are missing out on €286.5 billion in tax revenue a year - the equivalent of €33 million an hour - because of their failure to tax Europe’s richest fairly, according to the latest report by the NGO Oxfam, published on Thursday 11 April.
Europe’s richest 1% own almost half of all the continent’s financial wealth, including bank deposits, shares, bonds and loans. Since 2020, EU billionaires have increased their wealth by a third, reaching €1,900 billion last year....