Tax havens are a massive weapon for concealing the transactions of the ultra-rich and multinationals, helped in their opaque arrangements by a whole series of financial or legal intermediaries. Civil society, NGOs, whistleblowers and journalists regularly highlight the economic and social consequences of such practices. Indeed, they enable economic actors to hide the potentially fraudulent origin of their income or turnover (corruption, money laundering) and deprive many States of revenue, particularly tax revenue, which is essential for the provision of quality public services and thus for the realization of economic, social and cultural rights. Opacity and arrangements are also levers for ensuring impunity by exporting the harmful impacts of activities to inconspicuous jurisdictions.
Sherpa makes every effort to engage not only the liability of privileged companies and individuals practising tax evasion, and financial intermediaries which create the most complex financial arrangements to avoid taxes. Sherpa has therefore filed a civil claim in the Balkany case and has followed the investigation in order to highlight and denounce the financial engineering set up.