Tax evasion and tax avoidance: The unsolved issues of Europe’s fiscal policies.
The Panama papers and Luxleaks scandals have revealed that large networks of individuals
and businesses utilise loopholes in financial markets’ regulations to lower their tax
contributions and shield their capital offshore. With tax avoidance and evasion costing billions
to European countries each year, what steps should be taken to ensure a fairer and more
effective taxation while respecting the diversity of political stances taken by national
governments on the issue?