The first-ever major report looking into the secretive workings of the Big Four accountancy firms that assist individuals and companies to evade taxes has been released by members of European Parliament from the European United Left-Nordic Green Left (GUE/NGL) who sit on the European Parliament’s Panama Papers inquiry committee.
Co-authored by Professor Richard Murphy — founder of the Tax Justice Network — and Saila Naomi Stausholm from the Copenhagen Business School, The Big Four – A study of opacity is an in-depth study on how KPMG, Deloitte, EY and PricewaterhouseCoopers (PwC) operate.
The study analyses the size, scope and location of the activities of the Big Four accounting firms. Its findings include that these firms are heavily over-represented in tax havens when compared with the population size and GDP, where they make exceptional profits.
The Irish state is once again identified as a tax haven, or secrecy jurisdiction, in this report.
Some of the