The European Investment Bank is a public institution and supports projects in the name of EU policies. It is therefore high time for the EU bank to ask for more than what commercial banks do for the sake of justice and broader public interest, write Xavier Sol and Antonio Tricarico.
Xavier Sol is the director of Counter Balance. Antonio Tricarico works for Re: Common, formerly the Campaign to Reform the World Bank (CRBM).
Precisely two years ago, the Panama Papers scandal burst, leaking financial information on more than 214,000 offshore entities and bringing the whole world to face the magnitude of the phenomenon of tax evasion and avoidance.
The unprecedented exposure of such blatantly unfair practices played a key role in reinforcing the political momentum for tax justice in Europe and prompted the development of a set of initiatives at EU level to promote fairer taxation.
But these positive advancements do not