The European Union confronts expanded inequalities across a range of areas from gender, to generational, wealth, mobility and opportunity. One underlying factor common to these expanded inequalities is deficiencies in fiscal systems. The ‘Combatting Fiscal Fraud and Empowering Regulators’ (COFFERS) project addressed these deficiencies as policy innovation at national, regional and international levels undergoes a period of accelerated development. The consortium identified deficiencies and opportunities for upgrading in tax law, tax policy development, tax administration and enforcement at the EU level and across Member States. The project is now concluded and has produced five tools to assist in the fight against tax evasion, avoidance and fiscal fraud. These five tools can be accessed directly here.
Financial Secrecy Index –––––––––––––––––––––––––– Tool for understanding global financial secrecy, tax havens, secrecy jurisdictions and illicit financial flows. Corporate Tax Haven Index ––––––––––––––––––––––– Ranking of the world’s most important tax havens for multinational corporations in relation to the erosion of the tax revenues of other countries. Bilateral Financial Secrecy Index –––––––––––––––––––––––––Tool for the receiving side of financial secrecy, providing each country with a breakdown of the greatest suppliers of financial secrecy to its jurisdiction.
AML Tax Tool –––––––––––––––––––––––Database with legislation of all European Union Member States regarding tax evasion, money laundering and other relevant legal variables. Tax Spillover Analysis ––––––––––––––––––––––––– The Tax Spillover tool is a mechanism to help governments identify the causes of their tax gaps, and to identify the low hanging fruit that will yield early recover of revenues.
COFFERS generated a host of policy recommendations. These are designed to help ensure that tax systems support a more equal European society. The COFFERS policy recommendations can be accessed here.