Tax justice to foster post-pandemic recovery. An S&D Roadmap
The COVID-19 pandemic breakout caused both a health and socio-economic crisis that caught the world and its leaders by surprise. As part of national responses, Member States granted tax facilities to companies and citizens. Now that the lockdown measures start being lifted, a crucial phase of the pandemic is about to debut: the recovery. The recovery should be based on a just taxation system, and it is also an opportunity to close tax loopholes and continue the fight against tax evasion and tax avoidance.
Fair Tax Report
€825 000 000 000. This is the minimum amount missing from European public coffers every year. It is very likely that this tax gap measurement remains an underestimation, as it is very difficult to assess tax avoidance, which includes all tax schemes that are not illegal, but which do not respect the spirit of the law.
What does €825 billion mean? Well you can try to think of 1,.8 tonnes of €500 notes or of a €500 notes pile of more than 300 km.