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Image header Agence Europe
Europe Daily Bulletin No. 13391
Contents Publication in full By article 15 / 28
ECONOMY - FINANCE - BUSINESS / Taxation

EU governments lose €33 million an hour in unpaid taxes by Europe’s super-rich, according to Oxfam

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....

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