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Watch our latest cartoon on youtube Our campaign on EIB loans enabling Tax Havens was launched last May.
You may find our Investigative report here
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The Counter Balance coalition is proud to release the first ever
published in-depth analysis of the European Investment Bank loans for
development projects to borrowers using tax evasion & tax avoidance
schemes. The report has been commissioned by the Counter Balance coalition to Eurodad policy analyst Marta Ruiz.
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Key EU-funded development projects in the Global South are being carried out by companies registered in tax havens and financial off-shore centres, potentially costing developing countries tens of millions in tax revenues and leading to corruption, capital flight and lack of transparency and accountability, the NGO coalition Counter Balance [1] reveals today. Our paid add campaign in a comic strip format is published today in the UK edition of the Guardian, La Repubblica, Handelsblatt, the French Les Echos has refused to publish it and only informed us today, on the very day of the publication. The add is too shocking for the daily.
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