The European Commission estimates that the costs of tax evasion are 1 trillion euros a year – more than the combined debts of each EU member’s state.
Let’s consider that shocking statistic for a moment, and reflect that if it were not for tax avoidance or evasion then these times of austerity may not have been necessary. All the pain and suffering could have been avoided if some unscrupulous companies had acted in a proper fashion.
For that reason, I support a Financial Transaction Tax in which the money raised in that country goes to the member state.
Tackling Tax avoidance and evasion rather than making some of the poorest in our society suffer through so called welfare reforms should be among the top priorities of the EU.