EU Tax Observatory

The EU Tax Observatory (EUTO, Eutax) is an independent research laboratory dedicated to studying tax evasion and avoidance in the European Union, opened June 2021. Its offices are hosted at the Paris School of Economics, and staff is also hosted at the University of Copenhagen. In its first year of operation its budget was 1.1 million EUR, funded primarily by the EU's Directorate-General for Taxation and Customs Union. The Observatory's October 2023 annual report on tax evasion described the potential impact of a wealth tax on billionaires and of a minimum tax on companies' profits. It also describe ways for countries to unilaterally implement such policies and fight tax avoidance.