Following the Money: French Banks' Activities in Tax Havens
In 2015, French banks published for the first time key information on their activities, which included the taxes they pay in the countries in which they operate.
CCFD-Terre Solidaire, Oxfam France and Secours Catholique – Caritas France, in partnership with the Plateforme Paradis Fiscaux et Judiciaires [tax and legal havens platform] analysed this information in detail. By focussing their investigation on the activities of the five biggest French banks, this led them to the heart of tax havens. The investigation demonstrates the important, unique role played by these territories in the international activities of the top French banks. It also confirms that transparency must be extended to all sectors of the economy in order to combat tax avoidance.