Preventing tax loss through offshore financial centres: The EBRD must lead by example

In recent years, the EBRD has increasingly recognised the important role that states play in the transition to a well-functioning market economy that is based on strong institutions and the inclusion of all social groups into the economy. For this, states need resources, and taxation is one of the main means to ensure them. As the EBRD reviews its policy on the Domiciliation of EBRD clients, the bank has an important opportunity to implement a number of monitoring and transparency practices that have been discussed globally in recent years in order to ensure that its investments bring real tax benefits for its countries of operation.