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Tax Free - How Corporations are Robbing Europe

45'
Trillions of Euros are hidden from the tax authorities worldwide every year. This hard-hitting investigative doc follows the money trail to the insiders, revealing how the big corporations are robbing us blind.

This doc unveils the gigantic dimensions of tax evasion in Europe and looks into the issue of political responsibility. Why do governments have such a hard time fighting tax crime? What effect does tax evasion have on democracy? Following the money trail, we look behind the scenes of business and politics, coming to the conclusion that tax avoidance has become a global industry with a huge and powerful lobby. Inside sources reveal how corporations hide their profits - in your country, too.

$32 trillion of illegal funds are hidden in bank accounts around the world, estimates a study by the Tax Justice Network. In the Euro zone alone, the European Commission estimates the annual loss due to tax evasion at €1 trillion. "With that money, the budget problems of the countries in crisis would be solved", says EU Parliamentary President Martin Schulz. But several EU nations, such as the Netherlands, Ireland or Luxembourg, are themselves among the world's most lucrative tax havens. Based on a sweeping investigation, this doc unveils the gigantic dimensions of tax evasion in Europe and looks into the issue of political responsibility. Why do governments have such a hard time fighting tax crime? What effect does tax evasion have on our democracy? Following the money trail, this doc looks behind the scenes of business and politics, coming to the sobering conclusion that tax avoidance has become a global industry with a huge and powerful lobby supporting it. Inside sources reveal how corporations hide their profits - in your country, too.

Fotos: ©WDR

Original Title: Steuerfrei - Wie Europas Bonzen ihre Beute Bunkern
Year: 2013
Length: 45'
Film by: Jan Schmitt
Produced by: WDR

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