Juncker missing out on €120 billion a year for EU investment plan by failing to crack down on tax dodging
18 December 2014
The proposed European Union (EU) investment plan could receive an annual boost of €120 billion in public money if Europe clamped down on tax dodging, says Oxfam.The worldwide organization released this new figure as EU leaders meet today to discuss the €315bn investment proposal put forward by European Commission President Jean-Claude Juncker to kick-start Europe's economy. Juncker believes the €315bn needed could be raised from a €21bn investment fund, assuming every euro invested produces 15 in return. However, most European Investment Bank (EIB) evaluations show…