Tag: European banks
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How European Banks Leverage Tax Havens: A Persistent Practice Despite Transparency Measures
In the world of asset protection and offshore finance, there is one trend that refuses to fade: European banks channeling substantial profits through tax havens. Despite ongoing efforts for transparency and stricter disclosure regulations, the largest European banks continue to book a staggering EUR 20 billion—equivalent to 14% of their total annual profits—in offshore jurisdictions.…