November 28 2017
“We want to give results to the citizens”, declared in July 2016 the president of the European Parliament’s newly created Commission of Investigation on Money Laundering and Tax Evasion and Evasion (PANA), ready to roll up his sleeves and explain how everything that They unveiled the Panama Papers . More than a year later, the organ celebrates today its final session with an opinion: Europe loses annually one trillion euros in tax collection for tax evasion, the approximate equivalent to the GDP of Spain.
The final report of this commission with 65 MEPs acknowledges that the firm from which leaked 11.5 million documents with more data than Wikileaks, Offshore Leaks, Luxleaks and Swissleaks together, Mossack Fonseca, “is not the largest company in the business of the extraterritorial opacity, which indicates that Panama’s papers may be just the tip of the iceberg “and that this firm would represent between 5 and 10% of this market of evasion. According to Europol, these data only amount to 0.6% of the money laundering registered each year.