In this paper we use the recently developed Bilateral Financial Secrecy Index to evaluate which countries supply most secrecy to EU Member States. Then, we assess how well-aimed are two of the EU's recent policy efforts to increase financial transparency: automatic Country-by-Country Reporting...

Individuals and companies are legally able to set up any type of structure they want, from a simple one where the only shareholder of the company is at the same time its beneficial owner to a very complex structure involving many layers spread across several secrecy jurisdictions. While it’s...