(ECA Watch Europe, Brussels, 16 September 2009) Despite French President Sarkozy stating that companies and banks operating through tax havens and offshore financial centres should not receive public support or be part of government bailouts, France’s ECA is still permitted to back companies using tax havens. Other European governments have likewise failed to curb ECA backing for such companies. A new briefing by the European ECA Watch network documents this giant hole in government schemes to stem the leakage of money through tax havens.
Date
3 September 2009
