On 27 April 2017, Blomeyer & Sanz and the Centre for Strategy & Evaluation Services presented a new study to the European Parliament committee on Money Laundering, Tax Avoidance and Tax Evasion titled: ‘The Impact of Schemes revealed by the Panama Papers on the Economy and Finances of a Sample of Member States’.
The study assesses the impacts of the schemes revealed by the Panama Papers, a set of documents leaked from the law firm Mossack Fonseca detailing tax evasion and avoidance practices, and published by the International Consortium of Investigative Journalists in April 2016. The study explores the concepts and roles of tax havens and offshore financial centres, their budgetary, and the economic and financial impacts in a sample of EU Member States. The research combined previous estimates of tax revenue loss with a microeconomic assessment based on data on companies that are thought to be linked to the Panama Papers schemes. The most significant impacts identified are the negative effects on Member States’ budgets, with wider knock-on effects on economic growth and financial markets. It is recommended that further steps are taken at the national, EU and international levels to increase transparency of corporate and individual taxation and to limit the scope for tax evasion and tax avoidance.
The full report can be found here. the presentation slides can be found here
Blomeyer & Sanz launched a new project titled: ‘Towards an European Strategy to Reduce Corruption by Enhancing the Use of Open Data’. The work will take place from January 2014 to April 2015 and will explore the potential use of open data as an anti-corruption tool.
TACOD is funded by the European Commission (DG HOME) and aims to advance the understanding of the necessary preconditions for transparency and reduce corruption by enhancing the capacity of target groups to prevent corruption by using open data. In order to do so, we will:
- develop strategic tools and assessment techniques to monitor the potential impact and actual use of open data and open government data for the prevention and detection of corruption in four EU Member States (Austria, Italy, Spain, UK)
- produce a policy paper for the European Commission to support the use of open data for anti-corruption activities
- raise awareness and enhance capacities among civil society and the media about the potential use of open data to prevent corruption.
Our partners in the project are:
- Research Centre on Security and Crime (RISSC) – leader
- Transparency International Italy
- Transparency International UK
- Centre for the Study of Governance and Transparency, Kellogg College, Oxford University
- Nottingham University
- Institut für Konfliktforschung
More information will follow.