New COFFERS research reveals the US to be the EU’s greatest supplier of financial secrecy, which in turn enables tax abuse, corruption, money-laundering and the financing of terrorism. Tax havens currently blacklisted by the EU are responsible for just 1 per cent of the financial secrecy services threatening EU member states, while one-third (34 per cent) is supplied by financial centres from within the EU targeting other member states.

The academic working paper, an EU focused policy paper, the press release and the underlying raw data can be all downloaded at: https://www.taxjustice.net/the-bilateral-financial-secrecy-index/“